As a competitor to NTT Docomo’s offerings, KDDI enters the Japanese stage with a mighty partner, the newly merged behemoth, Tokyo Mitsubishi UFJ.

Japanese telco KDDI and Mitsubishi-Tokyo-UFJ Bank have joined forces to launch a mobile Internet banking business later this year.

The move towards live production follows the establishment last year of the Mobile Net Bank Development Corporation in preparation for the two companies to launch a mobile ‘New Bank’.

Source: Finextra: KDDI and Mitsubishi-Tokyo-UFJ to launch mobile ‘New Bank

The indicate the following capabilities for the usual financial products, including insurance:

Customers will be able to log-in directly from the main phone screen, check trading history and make bank transfers to parties selected from user address books.