DoCoMo will purchase a stake in Sumitomo Mitsui Card from SUMITOMO MITSUI FINANCIAL GROUP INC. The two sides are currently negotiating the size of DoCoMos interest, with DoCoMo looking to secure a 33.4 per cent share so that it can gain veto power. The firms would jointly offer a credit card payment service that uses cell phones with built-in smart-card functions.
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