On April 28, 2005 KDDI‘s CEO Tadashi Onodera, announced spectacular results for the financial year April 2004 – March 2005. Net income increased by 71% and KDDI announced approximately US$ 4 Billion in investment capital expenditure for the financial year 2006 (April 2005 – March 2005).
The Mobile Payment Forum promotes usage of mobile phones for payments, and works on interoperability, usability and standardization issues.
The major credit card companies (VISA, Mastercard, American Express…) together with the leading mobile phone makers (Nokia, Motorola, NEC…), and mobile operators (Vodafone, DoCoMo, TIM, T-Mobile, Sprint…) lead the Mobile Payment Forum.
On April 4, 2005, the Members and Directors for the first time held their meeting in Tokyo. Eurotechnology Japan KK took part in the organization of the meeting, and Gerhard Fasol gave an almost 2 hour long keynote presentation about mobile payment in Japan.
At this meeting, I also had the opportunity to introduce KDDI to the Mobile Payment Forum – there was no previous relationship between KDDI and Mobile Payment Forum.
Mobile Payment Forum Member’s meeting in Tokyo: “Mobile Payment Forum is a cross-industry organization launched in November 2001 to create a framework for standardized, secure and authenticated mobile payments, based on payment card accounts. The Forum intends to quickly and efficiently act as the bridge between the mobile and financial industries to accelerate the maturity of the mobile marketplace”.