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Business deals

KDDI partners with Lawson in mobile payments

Cellphone service operator and convenience chain strengthen ties in data analytics

A deal between KDDI and Lawson will bring together almost 100 million users of the companies' cashless payment systems.

TOKYO -- KDDI, one of Japan's leading cellphone service carriers, and convenience chain operator Lawson on Monday agreed to a mobile payments partnership.

KDDI will purchase a 20% stake of Loyalty Marketing, which operates the Ponta point card, originally a Lawson program that has since grown. The stake will be purchased from Mitsubishi Corp., which owns more than 50% of Lawson.

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