Four other companies join in
Last modified on Friday, 30 November 2007 04:41
Sony has formed a joint venture with four other Japanese companies to push FeliCa noncontact cards which are used for ticketing and electronic money transactions. Plastic cards equipped with Sony's FeliCa chips, which can be scanned for data transfers, are widely used in Japan and other Asian countries.
Sony has formed a new company to push the technology and is taking a 60 percent stake. Other partners in the venture are Gourmet Navigator, which has an online restaurant guide, and Tanseisha, which designs displays for commercial facilities.
In Japan, electronics makers put the chips in mobile phones, turning handsets into e-wallets and e-tickets.