• Japanese e-commerce company Rakuten to offer mPOS solution

Rakuten, a leading e-commerce company in Japan, is going to join the ranks of mobile point-of-sale providers. According to a report from The Next Web, the company will be offering Smartpay to Japanese small businesses to let them accept credit and debit cards using their smartphones.

Like other mPOS solutions, Smartpay combines a card-reading attachment for a smartphone with an applicaton to process transactions. Merchants pay a percentage of the transaction for use of the product. In the case of Smartpay, Rakuten is charging a hefty 4.9 percent, more than 2 percentage points higher than comparable solutions in the U.S.

As for competitors, Japan is one of the countries where PayPal is offering its competitive PayPal Here product. It's working with Japanese bank Softbank to distribute its mobile POS solution.

For more stories like this, visit the POS research center.

Related Content

User Comments – Give us your opinion!
Products & Services

Mobile Money Cash Solution

http://global.networldalliance.com/new/images/products/6415.png

6415/Mobile-Money-Cash-Solution

Software Solutions

http://global.networldalliance.com/new/images/products/6039.png

6039/Software-Solutions

JunglePay - Mobile Payment and Online Billing Solution

http://global.networldalliance.com/new/images/products/4534.png

4534/JunglePay-Mobile-Payment-and-Online-Billing-Solution

White labeled mobile payment platform

http://global.networldalliance.com/new/images/products/6117.png

6117/White-labeled-mobile-payment-platform

iDynamo Secure Card Reader Authenticator

http://global.networldalliance.com/new/images/products/4295.png

4295/iDynamo-Secure-Card-Reader-Authenticator

Cellum Top-Up

http://global.networldalliance.com/new/images/products/6741.png

6741/Cellum-Top-Up

Cellum Web Checkout

http://global.networldalliance.com/new/images/products/6737.png

6737/Cellum-Web-Checkout

Total-Customer Service

http://global.networldalliance.com/new/images/products/6205.png

6205/Total-Customer-Service

Cellum Parking

http://global.networldalliance.com/new/images/products/6749.png

6749/Cellum-Parking

Infobip 2 Way SMS

http://global.networldalliance.com/new/images/products/6123.png

6123/Infobip-2-Way-SMS

VAS Show London 2014
CONNECT 2014 Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.