KDDI ties up with Lawson for mobile payments

Japanese telecom company KDDI Corp. and convenience store operator Lawson Inc. said they have formed a capital tie-up to boost their competitiveness in smartphone payments and customer loyalty point programs.For the deal that would create a base of more than 100 million members, KDDI will acquire a 2.1 percent stake in Lawson, with an estimated investment of more than 10 billion yen ($91 million)."It's very important for us to integrate payment and point services," KDDI President Makoto Takahashi said at a joint press conference in Tokyo, voicing hope the partnership will increase the flow …READ FULL ARTICLE