DOCOMO to Launch Mobile Remittance Service
Banks continue to be challenged by disintermediation from telco’s and here is another example, this time in Japan. The service will launch 21st July, and allow sending up to $200 with only the payee’s phone number being required. An interesting tweak is the ability to have the money deposited with DOCOMO under the guise of a credit to your account, however this is deposit taking by another name. DOCOMO to launch mobile payments service Customers of DOCOMO’s i-mode™ mobile Internet service on the FOMA™ 3G network will be able to remit up to 20,000 yen (about 208 U.S. dollars) per … Continue reading DOCOMO to Launch Mobile Remittance Service
