Wednesday, April 20, 2005

DoCoMo Buys Into Credit Card Company

I said THIS would happen soon.

From DoCoMo to buy into credit card company .

From mobile handset to mobile wallet

While most mobile companies are looking to turn their phones into music players or cameras, Japanese mobile giant DoCoMo is putting money behind the trend for turning handsets into wallets.

According to reports, DoCoMo is planning to buy up a 33.4 per cent stake in the credit card company Sumitomo Mitsui, with a view to bolstering the use of mobiles for making micro-payments.

No comments: