NTT DOCOMO and MasterCard to offer NFC payments in 41 countries -- MasterCard PayPass merchants to accept DOCOMO's iD-brand mobile credit payments --
Oct 11, 2012 (M2 PRESSWIRE via COMTEX) --
NTT DOCOMO, INC., Japan's leading mobile operator and provider of integrated services centered on mobility, and MasterCard Worldwide, a technology company and leader in the global payments industry, today announced a global business alliance for contactless payments via compatible DOCOMO smartphones. Aiming at a launch in the first half of the fiscal year ending in March 2014, the companies will expand DOCOMO's iD(TM) mobile credit payment system for acceptance at MasterCard ® PayPass (TM) merchant locations around the world.
MasterCard's innovative payment system, MasterCard PayPass , will be available to DOCOMO customers using smartphones equipped with a contactless chip for Osaifu Keitai(TM) (mobile phones with wallet functions) services via near field communication (NFC). Through joint collaboration between DOCOMO and MasterCard, DOCOMO customers will be able to make iD-brand payments at nearly 500,000 MasterCard PayPass merchant locations in 41 countries (as of June 2012), in addition to over 560,000 iD terminals in Japan (as of August 2012).
According to analyst firm Berg Insight, the global installed base of NFC-ready point-of-sale terminals are expected to grow to 43.4 million units in 2017 * . MasterCard PayPass is gaining strong momentum worldwide with increasing adoption across merchant categories such as retail, entertainment, dining and mass transit. When traveling around the world, DOCOMO customers soon will be able to make purchases easily via participating PayPass merchants by simply waving a smartphone over a reader.
DOCOMO and MasterCard will continue to explore opportunities to develop innovative payments services, such as coupons, which will make everyday purchases easier and more convenient for DOCOMO customers.
Please refer to the attachment for details.
* Shipments of NFC-ready POS terminals doubled to 2.5 million in 2011 , Berg Insight 2012
For more information, please contact the below.
(Attachment) iD Mobile Credit Payment System Adopted for NFC Mobile Wallet Service
About NTT DOCOMO
NTT DOCOMO is a world-leading integrated-services company centered on mobility. The company serves over 60 million mobile customers in Japan via advanced wireless networks, including a nationwide 3G network and one of the world's first commercial LTE networks. Leveraging its unique capabilities as a mobile operator, DOCOMO is a leading developer of cutting-edge technologies for NFC mobile payments, mobile GPS, mobile TV, intuitive mobile assistance, environmental monitoring, smart grids and much more. Overseas, the company provides technical and operational expertise to eight mobile operators and other partner companies. NTT DOCOMO is listed on the Tokyo (9437), London (NDCM) and New York (DCM) stock exchanges. Please visit www.nttdocomo.com for more information.
About MasterCard Worldwide
MasterCard (NYSE: MA), www.mastercard.com , is a global payments and technology company. It operates the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews , join the discussion on the Cashless Conversations Blog and subscribe for the latest news .
iD and Osaifu-Keitai are trademarks of NTT DOCOMO, INC.
MasterCard ® and PayPass(TM) are trademarks or registered trademarks of MasterCard International Incorporated.
All other trademarks are the property of their respective owners.
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