17 August 2017
visit www.avoka.com

NTT DoCoMo launches mobile shopping mall and account aggregation portal

23 May 2003  |  10548 views  |  0 Mobile 3G technology_1

Japanese mobile network operator NTT DoCoMo is to launch an online shopping mall and account aggregation portal enabling both 2G and 3G SSL-compatible i-mode handset users to manage their finances and shop online with their Visa, Mastercard or JCB credit cards.

The online mall, named DoCommerce, will open on Monday 26 May with 10 virtual shops selling items such as accessories, perfumes and healthcare goods. The mall is available on a dedicated site accessible via i-mode handsets.

NTT DoCoMo's i-mode mobile Internet service provides e-mail and Web access to over 35 million subscribers.

The mobile payment application behind DoCommerce was developed by Irish company Network365 and implemented in conjunction with HP Japan. Customers can personalise the service with a range of shipping addresses, payment methods, purchase history and other options. A personal code is used to unlock the user's wallet when purchases are being made, and the payment and shipping details are passed to the virtual store using a secure connection.

As well as online shopping, DoCommerce will also feature an account aggregation service enabling users to check simultaneously, and on one single screen, the balances of their various financial accounts.

According to the World Wireless Forum, by 2006, Japan, USA, Germany and UK will represent four of the largest mobile payment markets in the world. There will be more than 200 million regular mobile payment users spending a total of EUR47.2 billion. In key markets, the total value of mobile payments will rise from EUR5.5 billion in 2002 to EUR55.3 billion in 2006.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Yapi Kredi Bank and Turkcell trial mobile payments

Yapi Kredi Bank and Turkcell trial mobile payments

29 April 2003  |  6956 views  |  0 comments
NTT Data and Harex aim for international compatibility in m-payment

NTT Data and Harex aim for international compatibility in m-payment

22 April 2003  |  3497 views  |  0 comments
NTT DoCoMo to test infrared mobile payments

NTT DoCoMo to test infrared mobile payments

08 April 2003  |  6267 views  |  0 comments
NTT develops voucher trading platform

NTT develops voucher trading platform

25 March 2003  |  5097 views  |  0 comments
NTT Com and eWise target Japanese account aggregation market

NTT Com and eWise target Japanese account aggregation market

25 March 2003  |  4378 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.eudownload the paper nowvisit www.worldpaymentsreport.com

Who is commenting?

Top topics

Most viewed Most shared
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9985 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9974 views comments | 8 tweets | 15 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
8306 views comments | 1 tweets | 3 linkedin
hands typing furiouslyCompliance: Overcome the data deficit
7757 views 0 | 1 tweets | 9 linkedin
PayPal buys Swift Financial to boost working capital bizPayPal buys Swift Financial to boost worki...
7699 views comments | 13 tweets | 7 linkedin