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NTT DoCoMo is joining the mobile money market with its own remittance service. Starting from July 21st, individual users (as opposed to corporate customers) of the carrier’s i-mode service will be able to remit up to 20,000 yen (about $208) per transfer by simply inputting the payee’s mobile phone number. The payee then receives a mail notification on its mobile phone and is given the option of depositing the money in a domestic bank account or having the amount credited to their monthly phone bill. The payee can receive remittances totaling up to 200,000 yen (about $2,080) per month.
Best of all, the service doesn’t require any registration or opening of a specific bank account!
Cost wise, the charges per payment (including consumption tax) will be 105 yen for the payer and 65 yen for the payee. The payee is not charged, however, if the remittance is deposited into a Mizuho Bank account or credited to their monthly phone bill.
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
