DoCoMo has announced they will launch a new mobile banking service on 21 July allowing users to transfer up to approx. $200 per transaction and $2,000 per month to any other DoCoMo customer. The mobile remittance does not require a new bank account and the total fee per transaction is set at $1.65 The funds can be sent to recipients personal bank account or credited to their DoCoMo monthly phone bill. Apparently, this platform will not be made available to corporate subscribers.
While KDDI launched this sort of service available for a couple of years now, in partnership with Tokyo Mitsubishi, the platform requires users to have established an account with the partner bank.