McDonalds & NTT DoCoMo Team Up for Mobile Payments

There are number of Japanese using their mobile phones that are equipped with an electronic chip that lets them swipe their handset over special readers to pay for various things such as train tickets to snacks at retailers. Japan's top mobile phone operator NTT DoCoMo Inc plans to offer electronic payment services at McDonald's Holdings Co. with special promotions for some users. Both companies are set for a 2.48 million dollar joint venture sometime in July of this year. McDonald’s Japan will invest 70% while DoCoMo owns the rest.