Japan’s KDDI, JCB link up to make mobile wallet phonesTOKYO (XFN-ASIA) - KDDI Corp and credit card operator JCB Co have agreed to tie up to make cellular phones that can be used as credit cards, the Nihon Keizai Shimbun reported without citing sources.
The business daily said the so-called mobile wallet service would enable subscribers to pay for purchases by simply holding the devices near sensors in stores’ cash registers.
Users will be able to make purchases of up to 20,000 yen per transaction at stores participating in JCB’s mobile wallet service, the Nihon Keizai said.
Mobile phone operators are adding new services and features to retain customers ahead of the introduction of ‘number portability’ in October where customers can continue to use the same mobile phone numbers even after they subscribe to other mobile phone companies.
Source- http://www.forbes.com
Technorati : JCB, Japan, KDDI Corp, operator
Ice Rocket : JCB, Japan, KDDI Corp, operator
