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KDDI invests in US mobile payment firm

Tim Green
KDDI invests in US mobile payment firm

Ploughs $22m into Microfinance International.

The Japanese operator says it wants to  that connect over 600 carriers and MFIC's money transfer solution, which spans 90 countries.

Takashi Tanaka, president of KDDI said, "We are seeing more and more convergence of telecommunications and financial services, still most of them are local movements.

"In such circumstances, I am very excited and looking forward to the collaboration with MFIC, bringing both of us a chance for true global business development."

The first step will see KDDI launch a new service from its the US subsidiary.

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Tags: billing , payments , kddi , M&A , mfic