Japanese mobile operator KDDI has said it would invest US$22m in US financial solution provider Microfinance International Corporation to create a global mobile payment platform.
“We are seeing more and more convergence of telecommunications and…
Japanese mobile operator KDDI has said it would invest US$22m in US financial solution provider Microfinance International Corporation to create a global mobile payment platform.
“We are seeing more and more convergence of telecommunications and financial services going on worldwide, still most of them are local movements,” said KDDI President Takashi Tanaka in a statement.
The platform is expected to benefit from KDDI’s relationships with more than 600 global carriers and from MFIC’s money transfer technology, which is connected to a network of payers in 90 countries.
