Docomo adds markets to cash transfer service - Mobile World Live

Docomo adds markets to cash transfer service

17 DEC 2018

Japan operator NTT Docomo expanded its international remittance service to China and Thailand bringing the total number of overseas destinations to 42.

Users will be able to transfer money from its iOS or Android app directly to 70 financial institutions in China and 28 in Thailand.

The company has offered cash transfer services to other states and countries since 2011, aimed primarily at those sending money to friends and relatives rather than retail transactions.

Popular destinations include the US, UK, Australia, Canada, South Korea and Brazil.

World Bank figures show $5.2 billion was remitted out of Japan during 2017 making it one of the countries with the highest value of outbound cash transfers. It also had a significant volume of inbound remittances, with $4.6 billion coming into the country from overseas.

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Chris Donkin

Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved...

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