IC Mobile Payment Reaches Mainstream
WWJ Portable Reportable MP3 audio report
Of the 10 mn Japanese using some form of the FeliCa contactless IC payment system as of 1 April, 700,000 are already mobile-enabled, according to Tokyo’s bitWallet, the joint-venture set up to commercialize Sony’s FeliCa technology. In today’s WWJ Portable Reportable, we speak with Norihiko Fujita, a bitWallet manager working on extending the FeliCa-based “Edy” payment service into mobile platforms. After NTT DoCoMo launched their own-branded “i-mode FeliCa” service last summer, Vodafone and KDDI are playing catch-up in 2005, and they’d better hurry: with 20,000 merchants already accepting FeliCa-based payments, there’s money to be made from mainstream users. (“Edy” stands, somewhat hopefully, for “Euro, Dollar, Yen”).