BBC: Cashing In On Mobile-Crazy Japan
Chris Hogg reports for the BBC from Tokyo about NTT DoCoMo's move into mobile payments and credit.
"DoCoMo wants to create a new revenue source. Its target is $1bn," said Chikatomo Hodo, an analyst from Accenture Japan. "And if Keitei credit users hesitate when thinking about changing phone companies that could earn [DoCoMo] a further $45bn every year".DoCoMo says it was the first company anywhere in the world to introduce osaifu keitai or wallet phones - the forerunner to credit card phones - two years ago.
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