Nets launches invoicing and payments services solution

Monday 15 October 2018 14:45 CET | News

Singapore-based payment services group Nets has launched a new service called PayCollect for businesses to bill and collect electronically.

Merchants only need their customers mobile number. PayCollect is an end-to-end solution for businesses that allow them to issue invoices and then let their customers make e-payments directly from a mobile device. This effectively moves merchants entire billing cycle online.

PayCollect will be progressively integrated with popular accounting packages so that companies can go fully electronic for the entire billing, payment and reconciliation cycle. For a start, accounting software MYOB will be supported. This will be followed by other software packages.

Small merchants such as tuition providers, florists, drycleaners, handymen without accounting packages only require their customers mobile numbers in order to bill them. After issuing e-invoices, small-medium enterprises can track payment status real-time and perform end-of-day reconciliation all within their accounting process.

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Keywords: Nets, e-invoicing, online payments, Singapore, e-billing, electronic collect, PayCollect, MYOB, billing cycle
Countries: World