Step one has you log onto the PSN Store with a PSP and download the UMD Passport App. Step two is to run the…
During the "PS Vita Game Heaven" online press conference, Sony detailed the Japanese "UMD Passport" program which allows Vita owners re-buy their already owned UMDs on the PSN for a drastically reduced price.
The PS Vita does not use UMDs. Instead, it uses cartridges and digital downloads. The UMD is going extinct, putting current PSP owners in a bind should they want to play their PSP titles on the Vita.