NTT DOCOMO will make mobile money transfer origination through mWallet widely available for the first time.
This new service upgrades NTT DOCOMO’s already advanced mWallet program, which offers diverse functions, such as payment services, coupons and a point system.
To accomplish this goal, NTT DOCOMO will utilize ARIAS, MFIC’s turnkey money transfer solution, as the service platform.
MFIC founder and co-CEO Atsumasa Tochisako said they know that this effort will be invaluable in expanding the mobile money transfer industry, in changing the way money transfer services are provided and in dramatically improving the cost and convenience associated with the practice in Japan. Remitters will no longer need to leave the comfort of their home to send money.
NTT DOCOMO’s new service will be one of the first instances in which a sender can originate an international money transfer from their cellphone and have the receiver collect the funds at their local financial institution.
