Phones as Credit Cards in Japan

NTT DoCoMo, Japan's biggest mobile phone company, is in the final stages of talks to expand its mobile payment services with at least one leading credit card company, Sumitomo Mitsui Card, Japan's second-biggest credit card firm with 12.8 million subscribers, reports The Guardian.

"If successful, DoCoMo's 49 million subscribers will be able to use phones as credit cards.

DoCoMo hopes the phones will replace cash, credit cards, ID cards and train tickets. By next year, one railway firm plans to allow handsets to be used as commuter passes."

emily | 11:15 AM | SMS and Micro Payments |
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