Just a quick one...
Something I don't understand in Singapore (or it happened in everywhere).
I saw the article saying Nets increasing their fee because of competition from banks debit card. So, they has to increase their charges to merchant. Mmm, shouldn't provider be dropping charges to fight competition usually?
Just like the coffee shop, oil companies. The price goes up when their competitors increase price. Isn't that if they stay the same price, they will get more sales (been cheaper alternative) and thus increase profit?
Mmm, maybe I bo study de, hence catch no ball the logic...
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2 comments:
yes yes... i do believe that is the common logic of demand and supply. however, the problem is that they dun have competiton. and hence, to stay profitable, we are at their expense... hence, anyone interested to do a NETS equivalent? :)
no leh. I still stupid de.
http://www.nets.com.sg/corporate/corporate.asp
it says
Founded by Singapore’s leading banks, DBS, Keppel Bank, OCBC, OUB, POSB, Tat Lee Bank and UOB in 1985 as a result of a need for a centralised e-Payment operator, Network for Electronic Transfers Singapore (NETS) has since been at the forefront of Singapore’s cashless revolution, operating payment networks and driving adoption of electronic payments for the past twenty years.
so, since it's like left and right hand, where does the competition lies???
too bad ezlink normally people have much money inside, else can be their reseller ;<
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