UFJ Nicos, the core credit card division of UFJ Mitsubishi Financial Group and Visa International have agreed to offer mobile phone IC payment services. Under the deal announced UFJ will give Visa the right to use it’s “Smart Plus” settlement technology. The two companies will set up a new firm to oversee the service according to the report. 

Three seperate camps are now waging campaigns to become the mobile payment standard, UFJ-Visa is now facing-off against the Sumitomo-Mitsui and DoCoMo “iD’ card and Jcb’s QUICPay technology. The systems employeed by these groups are not interoperable leading some anyalsts to wonder if two of the groups will seek to merge.

As of this posting no further details could be found online — Eds

Related posts:

1. Credit Cards Go Wireless on DoCoMo Felica Handsets
2. Will that be Cash or DoCoMo?
3. Credit Saison Seeks Partners
4. DoCoMo to Launch Mobile Payments with JCB, Mastercard, Visa
5. DoCoMo Launching Mobile Credit Card

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!