The Japanese cellular operator NTT DoCoMo and its South Korean counterpart KT have agreed to develop a near-field communication (NFC)-based cross-border mobile payment service. Under the deal DoCoMo subscribers travelling to Korea will be able to use KT’s mobile money offering Cashbee, which is available at 52,000 locations across the country and currently has around five million users in Korea. The two operators plan to jointly deploy a new system to enable this and other cross-border NFC services between their two countries by the end of March 2014. Going forward, they will consider the deployment of other NFC-based cross-border services, such as mobile payments, promotional coupons and mass-transit ticketing.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors