NTT DoCoMo and MasterCard to Offer NFC Payments in 41 Countries
Published on: 11th Oct 2012
Note -- this news article is more than a year old.
Japan's NTT DoCoMo has announced a NFC based mobile payments alliance with the credit card processor MasterCard Worldwide. Aiming at a launch around the middle of next year the companies will expand DoCoMo's iD mobile credit payment system for acceptance at MasterCard PayPass merchant locations around the world.
MasterCard's payment system, MasterCard PayPass, will be available to DoCoMo customers using smartphones equipped with a contactless chip for Osaifu Keitai (mobile phones with wallet functions) services via NFC. Through joint collaboration between DoCoMo and MasterCard, DoCoMo customers will be able to make iD-brand payments at nearly 500,000 MasterCard PayPass merchant locations in 41 countries (as of June 2012), in addition to over 560,000 iD terminals in Japan (as of August 2012).
According to analyst firm Berg Insight, the global installed base of NFC-ready point-of-sale terminals are expected to grow to 43.4 million units in 2017. MasterCard PayPass is gaining strong momentum worldwide with increasing adoption across merchant categories such as retail, entertainment, dining and mass transit. When traveling around the world, DoCoMo customers soon will be able to make purchases easily via participating PayPass merchants by simply waving a smartphone over a reader.
DoCoMo and MasterCard will also explore opportunities to develop payments services, such as discount coupons.