AMSTERDAM (Reuters) - Dutch chipmaker NXP Semiconductors and Japanese consumer electronics maker Sony said on Wednesday they will set up a joint venture to promote the use of contacless smart card applications for mobile phones.

NXP and Sony said in a statement the new company, called Moversa, will be based in Vienna, Austria, and that it will enable consumers to use mobile phones for services such as mobile payments and transport ticketing.

Moversa will have a nominal capitalization of 100,000 euros ($146,600) and a total capitalization of $28 million and Sony and NXP will each hold 50 percent of the company, they said.

(Reporting by Gilbert Kreijger)
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