DoCoMo mulls bank tie-up

15 Apr 2005

One of Japan’s leading mobile operators NTT DoCoMo says it is considering linking up with a bank or financial institution to diversify into the financial services sector, claiming it is no longer economically viable for cellcos to rely purely on revenues from network voice and data traffic. DoCoMo president Masao Nakamura says his company is looking at the question of how to ‘shift to a non-traffic revenue model’ and is considering offering services such as remittance payments via a mobile phone.