Japan: Big Market For Mobile Phone, Credit Card Linkup
Asahi Omori reports for Kyodo News on predictions that 2006 will be the year when mobile phones and credit cards will be joined together in Japan.
Out of 300 trillion yen per year in domestic consumption by individuals, 60 trillion yen is generated by purchases of less than 3,000 yen. Thus, people in the credit card industry say the service is especially aimed at consumers who want to charge goods worth less than 3,000 yen, including many daily necessities.
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