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TOKYO (AP) - NTT DoCoMo Inc., Japan's biggest mobile phone company, said Tuesday it will pay 9 billion yen ($76.9 million) for a 2 percent stake in the nation's second-largest convenience store chain to expand the use of new mobile phones that function like credit cards.
The deal will allow users of DoCoMo's new credit card payment service "Osaifu-Keitai," or wallet phone, to use their mobile phones to pay for goods at 100 outlets of Lawson Inc., Tokyo-based DoCoMo said in a statement.
The service will be expanded to all Lawson's 8,300 stores nationwide by March 31, 2007.
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