bitWallet 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

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!