NETS expands SGQR+ scheme with 24,000 new acceptance points islandwide

The SGQR QR label will be distributed within the retail and F&B sectors.

Network for Electronic Transfers (NETS) plans to expand the interoperable Singapore Quick Response Code Scheme (SGQR+), enabling 24,000 new acceptance points islandwide.

The SGQR QR label will be distributed within the retail and food & beverage (F&B) sectors and aims to grow the number of acceptance points by 10% year-on-year (YoY).

The SGQR+ issuers’ wallets will also be extended to the hawker segment, bringing the total acceptance points to over 35,000. 

Customers will be able to scan the SGQR QR label displayed at merchants and make payments through their wallets or banking apps at approximately 16,500 participating merchants.

The islandwide commercial rollout, set for completion by Q2 2025, will have three new issuers including dtcpay, MariBank, and Maybank.