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Archives

July 7, 2005

Japan Ready to Launch Cellphone P2P Digital Cash

Japan Ready to Launch Cell Phone P2P Digital CashbitWallet Ltd., the company that manages digital cash service Edy (Euro-Dollar-Yen), just announced the company will launch a new service called “Edy to Edy” on 20 July. According to the company (rough translation), “[If] the Edy cash value can be sent not only by the Edy number, [but also by] the mail address or the telephone number, it is thought that payments for net auctions, personal gifts or adjustments and congratulations can be used more conveniently.” A minimum transfer fee of 50 yen will be charged for each transaction plus (Aha!) the standard 5% consumption tax; the maximum amount per transfer is limited to 50,000 yen (about US$500). P2P cash transactions between individual handsets has, until now, not been possible in Japan.

THE COMPANY PRESS RELEASE [in Japanese].

Related posts:

  1. NTT DoCoMo Sets MNP Fees
  2. ‘Conbini’ Stores Cash in on Bills to Pay
  3. Japan Puts Its Money on e-Cash
  4. Making Money: P2P in Japan’s Wireless Space
  5. DoCoMo Announces Japan’s First Digital Broadcast Cellphone

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