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Big Banks to Launch Low-Priced Smartphone Money Transfer Biz

Big Banks to Launch Low-Priced Smartphone Money Transfer Biz

   Tokyo, May 11 (Jiji Press)--Five major Japanese banks will jointly establish a new business as early as July to provide a smartphone-based money transfer service featuring low fees, sources have said.
   In Japan, the market for such services is dominated by companies other than banks. The five aim to win customers through their service, backed by public trust in banks.

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AFP-JIJI PRESS NEWS JOURNAL


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