Magazines Archives - 2008 November

ViVOtech extends expertise technology to NFC public trials in Singapore
Story 10 - Retail Technology

US-based ViVOtech Inc, a provider of NFC (near field communication) and contactless payment solutions, said that its technologies have been extended to pioneer Singapore’s NFC mobile-phone payments trial, jointly launched by electronic payment provider NETS (Network for Electronic Transfers), telecommunications giant SingTel and United Overseas Bank Ltd (UOB).

Following the staff trial held last year, the three companies are conducting a public trial which began in August this year, allowing 250 SingTel-UOB credit-card customers to simply flash their NFC-enabled mobile phones at ViVOtech’s ViVOpay 5000 NETS FlashPay systems — installed in over 500 participating merchants across the island — to pay for their purchases.

Michael Mullagh, CEO of ViVOtech, noted: “Consumers are excited to use their mobile phones to make payments and participate in promotion programmes. At ViVOtech, we are building solutions that support the entire NFC ecosystem so users can make everyday payments, ride transportation, secure ticketing and get savings coupons easily through their mobile phones.”

SingTel’s executive vicepresident of consumer, Quek Peck Leng, commented: “These days, mobile phones are so much more than just a communication device, and extending their use to mobile payments [is] a logical step forward.”

Quek added that the trial not only reflected the “value and innovation” that the group extols, but would also “set the standard for the payment methods of the future”.


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2008 Nov Stories:

Holiday sales: How much of this will be washed out by the economic storm?

Developers leading green-mall movement in Singapore

The NRA Show remains important as dynamic industry event

Top retailers feted at awards ceremony and gala dinner

Retail developers at ICSC Asia Expo pin hopes on Asian markets

Harvey Nichols boosts MAP’s status as retail powerhouse in Indonesia

Auric Pacific raises stake in Food Junction to boost industry presence

Orchard Central goes Med

US JCPenney launches Australian online portal

ViVOtech extends expertise technology to NFC public trials in Singapore

Elizabeth Arden brings Juicy Couture to Asia

Saigon Co.op on track to open 100 stores by 2015

Takashimaya, H2O Retailing to merge by 2011

bulthaup’s new clean line of furniture shies away from the trendy

Lotte growing aggressively through global acquisitions

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