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DoCoMo launches PayPal-like mobile payment system
NTT DoCoMo have announced a new PayPal-like service that will offer customers an easy and quick way of sending money to other DoCoMo subscribers, via a DoCoMo mobile phone.
The new mobile remittance service, beginning July 21, will allow users to remit up to ¥20,000 per transfer and up to ¥200,000 per month.
Operating “as a bank agent on behalf of Mizuho Bank, Ltd.”, DoCoMo’s service will charge users ¥105 per transfer for the payer and ¥65 per transfer for the payee. However, if the remittance is credited to a monthly DoCoMo bill, or it’s deposited into a Mizuho Bank account, the payee will not be charged.
Read the press release from NTT DoCoMo here.
