Make payments with Mobile Phones - Near Field Communications Public Trial

NETS together with SingTel and United Overseas Bank announced the launch of a six-month trial which will enable Singaporeans to make payments using their mobile phones. The trial using Near Field Communications (NFC) commences immediately.

This public trial, involving 250 specially invited SingTel-UOB credit cardholders, aims to provide customers with smart, savvy and innovative solutions, allowing NETS and SingTel to be at the forefront of the mobile payment technology revolution. The aim of the trial is to allow NETS and SingTel to assess how consumers will use and adapt to this technology.

This public trial is a follow up of the September 2007 staff trial by SingTel and NETS that introduced the mNETS payment application (mNETS Wallet) and the mNETS Coupon application on NFC-enabled mobile handsets.

Participants of the public trial will also be able to make payments at more than 500 participating merchants island-wide who accept mNETS for payments. Users pay for goods and services easily by flashing their mobile phones at the NETS FlashPay readers at participating shops.

Participation in the NFC public trial is free-of-charge. SingTel and NETS will loan customers an NFC-enabled Nokia 6131 phone that functions as an mNETS Wallet. The SingTel-UOB credit card will be the default mode for topping up the stored value in the trial phone. There are no transaction fees or surcharges for purchases, and for top-ups using the SingTel-UOB credit card.

The key highlight of this trial is the innovative and convenient way for the participants to redeem coupons. Users simply open the coupon on their phones and flash it on a NETS FlashPay reader for the coupon to be automatically redeemed. NETS is the first in Asia to offer such an intuitive way of redeeming a coupon. The patent for this real-time coupon redemption feature by NETS is pending.

Article and Image Source mNets.
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