Japanese mobile operator NTT DOCOMO and South
Korean telco KT Corporation have announced that they are working
together to develop cross-border near field communication (NFC)
services.
The two companies are looking to incorporate
NFC into their respective devices, networks and billing platforms
to facilitate payments between Japan and South Korea.
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DOCOMO is also working with a number of
companies including Visa Inc, electronics manufacturer Samsung,
digital security company Gemalto and e-money services provider
bitWallet to develop other cross-border payments capabilities.
“Based on our long commercial experience in
various financial convergence services, the NFC collaboration
between KT & DOCOMO will contribute to building a sustainable
global ecosystem,” said Hyunmi Yang, executive vice president of
KT.
The mobile operator has been providing
NFC-based Osaifu-Keitai mobile-wallet services in Japan since 2004,
while KT has been operating a post-paid mass transit service in
South Korea since 2002.
“Visa has been instrumental in developing the
global standard for mobile payments based on NFC technology,” said
Bill Gajda, head of Visa Mobile at Visa Inc.
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By GlobalData“We welcome this project and see great value
in extending the security, convenience and global interoperability
of NFC-based mobile payments to consumers in Japan and Korea.”
