KT has eye on mobile payments with tie-up

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KT has eye on mobile payments with tie-up

KT said yesterday it has signed an agreement with Japan’s NTT DoCoMo to step up cooperation on mobile payments through near field communication (NFC) technology. Under the MOU signed on Monday, the two companies will ramp up efforts to provide NFC-based financial services and customer benefits to subscribers in Korea and Japan. NFC technology, which allows wireless data exchanges between two devices within a short distance, is forecast to become a major method for making financial transactions. KT and NTT DoCoMo also agreed to provide a pre-paid mobile card service to smartphone subscribers of the Japanese mobile operator.

Yonhap

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