“Can a payment infrastructure operator become the financial backbone for merchants by layering embedded financing and data-driven lending on top of its existing acquiring and processing rails?”
The 'Nets Group' label encompasses at least two distinct entities: NETS Singapore (a national payment infrastructure operator owned by Singapore's major banks, founded 1985) and N&TS GROUP Networks & Transactional Systems Group S.p.A. (an Italian card management and processing company). The Nordic 'Nets' brand, historically a major payment processor across Denmark, Norway, and Sweden, was acquired by Nexi Group and continues to operate as a payments infrastructure provider. The Nordic entity has expanded beyond pure processing into embedded merchant financing via a Liberis partnership, while the Singapore entity is extending its payment-data infrastructure to enable bank-led SME lending. N&TS GROUP Italy focuses on card issuing, acquiring, and e-money processing as a B2B infrastructure provider.
Nets Group processes payments through Netaxept (self-operated), NETS payment terminals (self-operated) and NETS Interbank GIRO (self-operated).
Nets Group's cards are issued through N&TS GROUP (self-operated).
Nets Group's lending and capital products are provided by Liberis.
The Embedded Finance Index 2026 maps 3 layers in Nets Group's stack: Payments / PSP (Netaxept (self-operated), NETS payment terminals (self-operated) and NETS Interbank GIRO (self-operated)); Card issuing (N&TS GROUP (self-operated)); Lending (Liberis and Smart Financing (embedded merchant financing, repaid via daily card transaction share)).
Nets Group is founded in 1985 and headquartered in Assago (Milan), Italy (N&TS GROUP entity); Singapore (NETS Singapore entity).
Get a read on where your own stack stands against Nets Group and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.