Singapore, 28 November 2001 - Systems@Work will unveil its mobile payment system V-Coupon (Virtual Coupon) at Sitex 2001 at the Singapore Expo from 29 Nov to 2 Dec. Any visitor to the exhibition will be able to experience the convenience of paying for their food, drinks and parking by using their mobile phones. Sitex is the first exhibition in Singapore and Asia to offer such a unique form of cashless payment whereby users do not need to present their cash or credit cards at point of purchase.

Said Mr Ng Fook Sun, CEO of Systems@Work, "With V-Coupon, Sitex visitors simply use their mobile phones as their mobile wallets to pay for food, beverages and parking. Besides providing utmost convenience, V-Coupon also assures total security of transactions, as it is based on the secure e-payment technology TeleMoney."

Said Mr. Steven Seet, General Manager of Singapore Expo, organizer of Sitex 2001, "Singapore Expo strives to proactively introduce innovative solutions and services that enhances the visitor experience at our exhibitions and events. As the technology landscape moves towards mobile commerce, we believe that providing value-adding services such as V-Coupon is a key ingredient that will contribute to the success of our shows."

Said Ms. Urvashi Sood, Director of Ambassador Hotel Services Pte. Ltd. provider of the Food and Beverages services to Singapore Expo, "The V-Coupon system works very well in that it brings about cost savings by enabling automated tracking of revenue per outlet and reduction in cash management. Most importantly, it will provide convenience to our customers."

It is very simple and convenient to use V-Coupon. At the exhibition, visitors just need to download pre-paid V-Coupons from any Systems@Work issuing counter located at Hall 5 into their mobile phones. They can pay for the coupons with either cash or any credit card. The value of V-Coupons starts at S$10.

Visitors can then use their V-Coupons to pay for purchases at food and beverage outlets inside the Sitex exhibition area (Halls 4 and 5) and for car parking fees at the Singapore Expo. At the food and beverage outlets and the parking payment counter outside Hall 5, the cashier will key in the relevant amount into an infrared receiver unit. Users can then pay by pointing the phone's infrared port at the sales terminals infrared receiver. The system will automatically deduct the amount to be paid from the pre-paid V-Coupon.

The amount in the V-Coupon can be topped up, or if there is insufficient credit, the user can pay for the balance with cash. To get a refund on unused balance, users just need to go to any issuing counter at Hall 5.

"Starting with Sitex, we will work with Singapore Expo to put in a cashless mobile payment system for all future events," said Mr Ng. "Eventually, Systems@Work plans to integrate the mobile-payment system with the items on sale and the sales terminals so that no cashiers will be needed, as visitors will be able to key in the purchase amount, check out the item and pay using this method."

V-Coupon is part of the TeleMoney proximity payments that has been recently selected by the Infocomm Development Authority of Singapore (IDA) as a mobile payment solution under its Call for Collaboration initiative. V-Coupon is a proximity payment solution that uses stored value only.

Systems@Work will be showcasing the V-Coupon system at booth no. P50 at the TeleMoney Pavilion at Sitex, Hall 5, Singapore Expo, from 29 Nov to 2 Dec. Besides V-Coupon, other TeleMoney applications in the areas of e-commerce and m-commerce will also be showcased at the Pavilion.

For business enquiries, please contact Mr S K Ng at +65 873 8123.

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