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NETS, SingTel, and UOB will be using Vivotech's NFC mobile payment wallet, OTA payment, and coupon delivery and redemption technologies for an ongoing payment trial in Singapore.

The trial is the first in which users simply open a coupon on their NFC-enabled mobile phones and flash it onto a NETS FlashPay reader for automatic redemption. Additionally, the trial is the first Stored Value Purse in Asia on NFC phones and OTA servers to enable downloading and top-up of stored value accounts on the NFC phones.

Electronic coupon
In the pilot programme, SingTel users can download a SingTel wallet application that will allow them to store and top up value on the mNETS payment application in their phones at any time.

Users are then able to make payments using NETS FlashPay by merely flashing their SingTel mobile phones at any of more than 500 participating merchants island wide, each one equipped with ViVOpay 5000 NETS FlashPay contactless terminals. Topping up of the mNETS card is performed over the air anytime and anywhere from the phone after registration of a SingTel-UOB credit card.

The SingTel wallet is also equipped with an electronic coupon application that provides SingTel customers with discounts and other incentives and freebies. A simple flash of NFC-powered mobile phone on mNETS posters or at other smart billboards will initiate an OTA download of the mNETS Coupon that is affiliated with the promotion. Again, users simply flash the Coupon on NETS FlashPay readers for the coupon to be automatically redeemed.

Broader strategy
The mobile payment initiative is part of NETS' and SingTel's vision of bringing mobile payments to Singaporeans. NETS is studying this initiative under its broader mNETS strategy to make mobile payments pervasive across the Singapore economy.

To date, Vivotech has enabled more than 25 NFC phone trials globally. Vivotech's products are used by prominent retailers all over the globe and the company has shipped over 450,000 contactless terminals to more than 30 countries worldwide.

For additional information:
·  Visit Vivotech at http://www.vivotech.com
·  Visit NETS at http://www.nets.com.sg

Sources: ViVOtech; NETS; SingTel; UOB