Japan Credit Card Companies Form 'Mobile Wallet' Alliance
Reuters reports on a new alliance formed by Japan's credit card companies to promote a standard to allow use of mobile phones in lieu of credit cards.
he new organisation denied that its move was a reaction to NTT DoCoMo and Sumitomo Mitsui Card Co. Ltd.'s partnership and said it was open to everyone, but both the No. 1 operator and the No. 2 credit card firm were absent from the membership list.The mobile transaction alliance has 39 member companies so far including Mastercard International Japan Inc., UFJ Nikos and Toyota Motor Corp. It expects to sign on 10 more companies including Fujitsu Ltd.
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