Abstract: A physical coupon redemption system may include a mobile device associated with a retailer, and a coupon redemption server. The server may obtain a first physical coupon image from the mobile device for a corresponding first physical coupon, and generate a first validation code based upon the first physical coupon image and the retailer. The server may also communicate the first validation code to the mobile device for the given retailer to add the first validation code to the first physical coupon, and obtain a second physical coupon image from the mobile wireless communications device for a corresponding second physical coupon and having a second validation code therein. The server may also determine whether the first and second validation codes match and determine whether the first and second physical coupon images indicate a match between the corresponding first and second physical coupons, and when so redeem the first physical coupon.