Monday, July 4, 2011

DoCoMo taps Smart first mobile-to-mobile remittance from Japan


DoCoMo taps Smart first mobile-to-mobile remittance from Japan

July 2, 2011, 3:27am

MANILA, Philippines — Some 200,000 Filipinos residing in Japan can now send cash directly to over 8.5 million Smart Money accounts of relatives and friends in the Philippines via DoCoMo Money Transfer.

Japan’s first mobile-to-mobile remittance service will also enable remittances to Brazil, South Korea and China. Nationals of these four countries account for almost 80% of all foreign residents in Japan. The DoCoMo Money Transfer is expected to benefit more countries in the future.

The service, a product of Japan-based NTT DoCoMo Inc., will also enable Japanese nationals to send money to fellow Japanese in the Philippines. In 2010, the record of Japanese visitor arrivals in the country stood at over 350,000, as reported by the Department of Tourism.

Smart Money is the world's first reloadable payment card linked to a Smart cellphone powered by the mobile commerce platform of Smart. NTT DoCoMo is a partner of Smart’s mother company ‘Philippine Long Distance Telephone Co. (PLDT).

To avail of the service, the Japan-based sender simply has to register for a DoCoMo Money Transfer account. Once registered, the sender then can remit cash to any Smart Money account in the Philippines by making an order from a mobile phone.

Once the designated recipient, cash value and 16-digit Smart Money account number have been indicated, the speedy and secure remittance of funds will commence. Cost of the service is 1,000 JPY per transaction. (EVA)


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