View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 2, 2009

NTT DOCOMO To Launch Mobile Remittance Service

The service will not be available to corporate subscribers

By CBR Staff Writer

NTT DOCOMO has received approval from Kanto Local Finance Bureau to launch and operate i-mode mobile Internet service on the FOMA 3G network service, as a bank agent on behalf of Mizuho Bank.

The new service is likely to enable an individual subscriber to use their DOCOMO mobile phone to remit about $208 to another DOCOMO user per transfer, beginning July 21.

The company said that DOCOMO’s mobile remittance service does not require the payee to register for the service or open a new bank account. In addition, since the payer only requires the payee’s phone number to make the remittance, the payee does not have to divulge any private banking details.

The payee receives a mail notification via their DOCOMO mobile phone, and is given the option of depositing the money in a domestic bank account or having the amount credited to their monthly DOCOMO phone bill. The payee can receive remittances totalling up to $2,080 per month.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

NTT DOCOMO is a Japan-based mobile operator and provider of mobile services.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.