NTT Docomo intros wireless credit card service

So over in the land of the rising sun, where physical money is already so passe, NTT DoCoMo is expanding their existing
Mobile Wallet prepaid electronic money service to offer payments via wireless credit. They've banded together with several other Japanese financial heavies (Sumitomo Mitsui Financial Group, Sumimoto Mitsui Card Co., and Sumitomo Mitsui Banking Corp.) to offer the wireless credit service,
which will leverage the existing FeliCa
contactless IC chips already present in most Japanese mobiles. For once, we're content to be far behind the Japanese on this one — we're bad enough with the credit cards as it is, and in no hurry to remove any more friction between the act of drooling and the act of buying.

[Via The Wireless Weblog]