DoCoMo To Buy Into Credit Card Company?

Japanese mobile giant DoCoMo is planning to buy up a 33.4 per cent stake in the credit card company Sumitomo Mitsui, with a view to bolstering the use of mobiles for making micro-payments, according to reports.
DoCoMo has already has a wallet phone in its portfolio, which it launched last year. The operator has so far shifted over one million phones equipped with Sony’s FeliCa chip, which enables users to make small payments by swiping the phone over a reader.

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