SINGAPORE - Food court operator Food Junction has introduced cash-free Nets payments to 13 of its locations islandwide.
All the stalls in each of these food courts have been equipped with a card reader that deducts the amount from the prepaid value stored within the new Nets Flashpay RSVP cards.
Use of the card gives customers an automatic 10 per cent discount on all regular food items in the food court. Only the branch at the Yusof Ishak House at the National University of Singapore, which already offers students food discounts, will not be part of this cashless roll out.
The Nets Flashpay RSVP cards store virtual currency in two digital wallets. The open wallet portion can be used for general Nets payments, including public transport services such as trains and buses, at fast food outlets, and can be topped up at any general ticketing machine or Nets self-service machine.
The private wallets are unique tie-ups with specific merchants, and the Food Junction wallet on the card can only be topped up at special kiosks located at all participating Food Junction outlets.
The e-payment company has brand partnerships with more than 10 merchants for its Flashpay RSVP cards, including Dairy Queen /Orange Julius and Siam Society. Each card costs $5 and for the launch, Food Junction is offering three free regular Coca-Cola drinks for those who pick up their co-branded Nets Flashpay RSVP cards.
Each RSVP card can currently hold 20 private wallets and Mr Alvin Seck, senior vice-president of merchant services at Nets, says that the company is looking at rolling out universal machines that can top up all the different open and private wallets in one location, instead of making consumers visit the different merchants individually.
"We're looking at sometime in the second quarter of next year," he says.
The company is also exploring additional security measures for the Nets Flashpay RSVP card. Currently, it has only an opt-in insurance feature that covers the card replacement, and up to $150 for the open wallet value.