29 January 2006 62 views No Comment Print This Post  Email This Post

Dan Balaban relates the current developmen in Japan and how NTT DoCoMo is slowing becoming a financial institution. (A recommended reading)

While the business case for contactless payment has yet to be proved anywhere, Japan’s largest mobile telco, NTT DoCoMo, is moving boldly ahead with plans to launch its own credit brand on its contactless wallet phones. Banks and credit card issuers in Japan and abroad are no doubt looking on with roughly equal parts of curiosity and dread.

To read more: Card Technology