Wednesday, October 29, 2003

Sony, DoCoMo team up for e-money cell phones

The Japan Times online reports that Sony and DoCoMo will set up a joint venture to further develop and exploit mobile phones that have an integrated IC-chip with electronic money in it (based on Sony's Felica Smart Card). The new joint venture will license the contactless technology out to third-party businesses, such as public transportation operators, retailers and event organizers.