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ZD Net Asia News, October 15, 2001
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US$11m Set
Aside For Mobile Payment Trials
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SINGAPORE - The Info-communications Development Authority of Singapore
(IDA) and various industry players will be spending about S$20 million
(US$11 million) on mobile payment solutions trials in the Republic.
The trials--on direct debit payment, stored-value
and credit card solutions--are expected to run from the first quarter
of 2002 to the end of August 2002, and will involve at least 10,000
mobile users here.
Between S$7 million and S$12 million of the total
investment will come from IDA's S$200 million Wired With Wireless
program, and the rest from industry players involved in the trials,
a statement said.
According to IDA chief executive Yong Ying-I,
the development of a mobile payment infrastructure will help stimulate
the entire mobile commerce ecosystem.
"The mobile payment infrastructure will enable
revenue generation, which is necessary if we are to see compelling
applications and services from merchants and service providers,"
said Yong. She was speaking at a Call for Collaboration (CFC) media
conference today.
The CFC is an IDA-led program designed to encourage
collaboration among industry players, including telecommunication
companies, banks and application providers, to provide an open platform
to meet mobile payment solutions needs.
Four consortia for trials
Four consortia have been selected to test run the mobile solutions.
They are:
| Consortium 1: |
National Computer Systems Pte Ltd, Singapore Telecom Mobile
Pte Ltd, StarHub Pte Ltd, MobileOne (Asia) Pte Ltd, Visa International,
Eng Wah Organization, Diethelm Singapore Pte Ltd, National
Library Board, the National University of Singapore, Network
for Electronic Transfers (NETS) and the Development Bank of
Singapore
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| Consortium 2: |
Nokia, Network for Electronic Transfers (NETS) and the Development
Bank of Singapore
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| Consortium 3: |
Singapore Technologies Electronics Ltd, Citibank NA, BCS
Information Systems, WizVision.com Pte Ltd, mVent, Green Dot
Capital Pte Ltd, Premas International, CET Technologies Pte
Ltd, Sun Microsystems, Cathay Organization Holdings Ltd, CalendarOne,
National Service Resort & Country Club, StarHub Pte Ltd,
MasterCard International and mPayment Pte Ltd
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| Consortium
4: |
Systems@Work, Hewlett-Packard's Mobile e-Services Bazaar,
Gemplus, Suntec City and Visa International
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The selection process was based on each consortium's
"end-to-end solution, a valid proposition for the consumer
and the export potential of the proposed solution," noted Center
for Wireless Communications director Lye Kin Mun in the statement.
The National Computer Systems-led consortium,
for example, will offer customers the chance to pay using a NETS
virtual card or credit card via short messaging service (SMS) and
wireless application protocol (WAP). Some of the expected mobile
services include carpark and movie payments. The consortium hopes
to roll out its mobile payment solutions trial services next May.
Separately, IDA's Yong also announced two new
CFCs for wireless development--one on Mobile Workforce Solutions
and the other on Wireless Java Solutions.
The former hopes to encourage the use of wireless
technologies to enhance business competitiveness. The latter will
put in place a test bed for Java application developers, together
with the Java Wireless Competency Center formed between Sun Microsystems
and the Center for Wireless Communications, said Yong.
By Anand Menon
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