NETS and Singtel partner to transform digital payments using AWS cloud

NETS has announced plans to transform digital payment experiences by partnering with Singtel and Amazon Web Services (AWS).

As Singapore slowly opens up following the pandemic lockdown, allowing general travel to Brunei and New Zealand, the collaboration will enable Singaporeans to make purchases at more retail outlets whilst abroad in Asia Pacific using the Network for Electronic Transfers.

“NETS will be well-positioned to facilitate cross-border commerce by integrating ASEAN+ travel corridors whilst making payments simple and easy for consumers,” said Lawrence Chan, the CEO of NETS Group.

Foreign visitors in Singapore will also be able to make seamless payments using NETS’ merchants in the country using overseas e-wallets and services.

“The initiative will spur cross-border digital payment growth for overseas payments partners, particularly micro merchants, and help them leverage this to expand their market beyond domestic borders,” added Mr. Chan.

The Network for Electronic Transfers will leverage AWS’ cloud computing platform and Singtel’s ConnectPlus Managed Network to accelerate its expansion across Southeast Asia.

“Our ConnectPlus Managed Network will enable NETS to dynamically allocate enterprise resources across multiple locations, optimising network performance and operational efficiency to offer secure, swift and reliable cross-border financial transactions,” said Lim Seng Kong, the Managing Director for Singtel Enterprise Business and Group Enterprise at Singtel.

The cloud gateway service offered by Singtel will enable NETS to deploy and manage its virtual private clouds, while AWS cloud services are expected to provide NETS with quick and locatised connectivity for potential partners to access their cross-border payment services.

“We look forward to collaborating with NETS to innovate new services faster, maintain operational excellence, and provide secure and seamless payment services to customers around Southeast Asia,” said Conor McNamara, the Managing Director of ASEAN at AWS.

NETS will take advantage of AWS’ database, containers, serverless storage and security.

The collaboration between NETS, Singtel and AWS will look to tap into Southeast Asia’s unbanked population, which is forecast to be worth US$1 trillion by 2025. This population will need more access to digital financial services, as the region becomes more tech-savvy and more expectant of convenient and accessible digital services.

Image Credit: Yahoo News Singapore

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NETS and Singtel partner to transform digital payments using AWS cloud

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Global consortium ADC building high-performance submarine cable across Asia

Asia Direct Cable (ADC), a global consortium of leading communications and technology companies is building a high-performance submarine cable across Asia.

NEC Corporation, a Japanese multinational information technology and electronics company, announced today the 9,400-kilometer ADC cable will connect China (Hong Kong and Guangdong province), Japan, the Philippines, Singapore, Thailand and Vietnam.

ADC Cable Network

“This new system will contribute to drive the Asian ICT business growth as one of the core infrastructures in the region and to meet the evolving marketplace,” said Mr Koji Ishii of SoftBank and Co-Chair of ADC.

The cabling, constructed by NEC, is expected to be completed by the fourth quarter of 2022.

Mr Ishii added: “As a leading submarine cable system vendor, NEC has successfully provided many trans-Asia submarine cable systems, making the company the most reliable choice for the ADC supply partner.”

Optical fibers make up the ADC cable, which is designed to carry more than 140 Terabits per second of traffic. This will deliver necessary diversity for Asia’s key information hubs and high-capacity transmission of data across regions in East and Southeast Asia.

“The ADC system … will enable carriers and service providers to better plan their networks and services for sustainable development,” said Chang Weiguo, one of the ADC Co-Chairs from China Telecom.

As technological advancements in cloud computing, 5G, Artificial Intelligence and the Internet of Things increase across Asia, the high-capacity allows the cable to support the increasingly bandwidth-intensive applications.

“This advanced optical fiber submarine cable system will provide seamless connectivity to the countries it lands in and the regions it services,” said Atsushi Kuwahara, the General Manager of the Submarine Network Division at NEC Corporation.

The ADC cable system hopes to enhance the expansion of communications networks in the East and Southeast Asian regions.

Mr Kuwahara added: “NEC is impressed by the level of commitment from members of the ADC Consortium, and will fully capitalize on our regional expertise to support ADC and ensure the successful completion of this project.”

The ADC is a global consortium of leading communications and technology companies, including CAT, China Telecom, China Unicom, PLDT Inc., Singtel, SoftBank Corp., Tata Communications and Viettel.

“The new cable will enhance our infrastructure and also our ability to harness new technologies for future growth,” said Mr Ooi Seng Keat, Vice President of Carrier Services, OTT and Satellites, Group Enterprise at Singtel.

According to Research and Markets, the submarine cable systems market in Asia Pacific is expected to expand at an annual growth rate of 9.8% from 2018 to 2027, increasing from US$5.6 billion to US$14.7 billion over the nine-year period.

Image credit: NEC