Wednesday, November 30, 2005

Mobile credit card

NTT DoCoMo has announced a mobile credit card brand with "iD", which will allow card holders to make credit card payments via the contactless smart card technology in their DoCoMo wallet phone. The brand is to be launched on December 1, 2005.

With this, NTT DoCoMo is adding further payment functions to its wallet phones, which are based on Sony’s Felica smarkt card technology, for which company expects to have 10 million users by March next year. At present the phones can be used with the Edy e-money service, and SUICA capabilities for train ticketing will be added soon, turning the handset into wallet for small purchases, travel card, and identification. The credit card technology iD will add payment functions for larger amounts.

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