"You are telling me, you know now Toyota has to also fetch the same price as a Lexus...is this a reason? I don't see this as a reason, you can't accept such a reason." - CASE's president, Yeo Guat Kwang, in response to NET's proposal to raise fee; NETS defended the hike (from the current 0.35 to 0.55 to July's 1.5 to 1.8 percent of the purchases) as necessary in order to stay competitive against international debit cards, which have higher charges and offer more attractive returns to card issuers.
Source: http://www.channelnewsasia.com/stories/singaporelocalnews/view/280223/1/.html
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