With SAM as a physical payment channel for MOLPay, online shoppers in Singapore will be able to pay for their online purchases by cash and in Singapore USD using their NETS cards. This service will also allow MOLPay’s new and existing e-commerce merchants to extend their online businesses to Singapore, tapping on SAM network as another payment collection mode.
SAM is an automated post office which allows residents in Singapore to weigh packages, buy stamps, or even pay off their bills and fines. Physical payment is an alternative payment option apart from credit card and Internet banking for e-commerce offered by MOLPay.
MOLPay which was formerly known as NBePay was founded in 2005 and has been acquired by the MOL Global Group in August 2011. MOLPay offers a range of e-commerce payment solutions, from online payment acceptance and processing to fraud management to payment security.
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