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DoCoMo is in talks with Sumitomo Mitsui Financial Group and JCB about investing in their credit card businesses in a step forward for the vision of integrating mobile communications with financial services. Japan’s largest mobile phone operator is looking to pay about Y100bn ($938m) for a 33.4 per cent stake in SMFG’s 100 per cent-owned card business, Mitsui Sumitomo Card, Japan’s number two credit card operator, and a smaller stake in JCB, the country’s number one card provider.
DoCoMo is aiming to conclude a deal this month but negotiations have been complicated by the need to balance the interests of the two card companies, a person familiar with the situation said. Continue >>
Some sage advise when entering new turf; Stop, Look and Listen.. it’s also good to secure a local guide. Japan is the cradle of mobile civilization – we been been dedicated to this space since 2001 – trust our archives here offer some useful material.
Domestic activities continue to set the pace, and sharp players are looking at global markets. We have hard-earned industry expertise and trusted network of contacts with access to advanced intell. and potential deal flow. Need a lift.. Ok, buckle-up!