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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