NFC

NTT DOCOMO & MasterCard launch ID/Paypass, shot in the arm for NFC?

MEDICI

Before the world started talking about mobile internet, Japan had the first version of it, called imode powered by NTT DOCOMO (in 1999, so more than a decade ago). It enabled cellphone users in Japan to access a bunch of WAP (kind) of sites. NTT DOCOMO has been at the forefront of telecom and mobile tech but not a lot of people hear about those innovations globally. Joining hands with Mastercard for this initiative now, would mean global visibility as well.

In an important move, NTT DOCOMO and MasterCard have unveiled  the launch of  ID/PayPass  –branded payments via Docomo’s ID mobile credit payment system. The launch is expected  to open up around 1.2 million MasterCard PayPass  acceptance locations in over 50 countries  to ID users beginning  5 February 2014. It’s the kind of impetus that NFC payments need. You will see a large number of access technology users (Docomo’s ID) coming to a large acceptance system (PayPass).

Payment with ID/PayPass will be available to DOCOMO subscribers using Smartphone devices equipped with a contactless chip for Osaifu-Keitai (mobile phones  with wallet  functions) via near  field  communication. Current ID users can simply tap their Smartphone over a reader device to make payments at MasterCard Paypal Pass affiliate merchants outside Japan using either local currency or yen. Good news for Japanese globetrotters.

The ID/PayPass payment feature uses Paypal  technology deployed by MasterCard  via contactless IC chips. In Japan, Docomo subscribers will be able to use its ID system for mobile credit payments. Customers will be able to experience the ID/PayPass payment process during a pre –launch campaign to be held in Hawaii in December.

Appendix: Following is a brief description of NTT Docomo for our readers around the globe:

NTT Docomo  provides innovative,convenient and secure mobile services that enable smarter  living for each customer.The company serves over 61 million mobile customers in Japan via  advanced wireless networks. Docomo is a leading developer of cutting edge technologies for NFC mobile payments, mobile GPS, mobile TV, mobile assistance, environmental monitoring, smartgrids. The company also provides technical and operator assistance  to eight mobile  operators and other partner companies.

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI team who collaborate to create FinTech insights.

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