Singapore Pools will absorb transaction fees for all its electronic payment options from Tuesday (Nov 11).In a statement on Nov 11, Singapore Pools said that the move follows its reviews with the Association of Banks in Singapore (ABS), their partner banks, and NETS.«They included a review of existing contracts with our partner banks and NETS that allow the recovery of processing costs charged by our partners for services related to PayNow and NETS,» said Singapore Pools. «As a result, Singapore Pools will absorb the transaction fees for PayNow as well as other e-payment options including FAST and NETS.»Singapore’s sole legal gaming operator added that they will be working with their partners to absorb the eNETS transaction fees.«As significant system and operational changes are required, eNETS payments will be temporarily suspended until further notice,» added Singapore Pools. The announcement was welcomed by the ABS. "PayNow provides a secure and easy-to-use e-payment method that Singaporeans use everyday.  Read more