Mainland Chinese can now shop Singapore online with eNets

The deal will let 160 million mainland chinese shop anywhere in the world that accepts eNets, a major boost for the payments platform.

Without having to own a credit card or share sensitive information online, 160 million regular online shoppers in China can now avail of the new payment service enabling direct debit payments from Chinese domestic bank accounts

Consumers from China wanting to make online purchases on Singapore websites need only key in their User ID and Internet Banking Personal Identification Number, both of which are obtained from their domestic banks. A secure payment gateway, eNETS links directly to China’s domestic banks and does not require financial information to be divulged online.

For added convenience, prices listed in Singapore dollars on the website will be converted to Reminbi at the point of payment so Chinese consumers know exactly what they will be charged. eNETS will continue to pay its merchants in Singapore dollars.

This is made available to customers of more than 30 banks in China including China’s biggest banks i.e. ICBC, Bank of China, Agricultural Bank of China etc.