Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

McDonald's food gets faster

Feb 26 2007 14:58

Related Articles

McDonald's oil gets healthier

McDonald's profits get tasty

McD's coffee goes eco-friendly

Mini-gyms at McDonald's

Hit on KFC, McDonald's recipes

McDonald's profits sizzle

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

MyCiti buses running at a loss

May 28 2012 07:53

The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.

 
Share Share line Print
Tokyo - Fast-food is about to get even faster in a tie-up between Japan's largest mobile telephone operator and the world's biggest hamburger chain.

Under a partnership announced on Monday, NTTDoCoMo subscribers will be able to use their handsets at McDonald's 3 800 restaurants in Japan to pay electronic cash or pre-order their burgers from October.

"Speed is how we clinch victory," said Eikoh Harada, the chief executive officer of McDonald's Holdings Japan.

"By reducing the transaction time with our customers at the counter to 30 seconds, our sales will increase by 5%. By reducing service time further if customers pre-order through their cellphones, we will be able to boost sales even more," he said.

The joint venture will also allow McDonald's to send electronic coupons and seek feedback from clients, cutting the burger giant's costs.

"Printing coupons and including them in the folds of newspapers or magazines and face-to-face surveys have been extremely costly," Harada said.

DoCoMo Inc has around 19 million "cellphone wallet" users who can use their handsets to pay at more than 200 000 stores across Japan including 24-hour convenience stores.

It is DoCoMo's first such alliance with the fast-food business.

"By joining hands with McDonald's, we hope to increase convenience for our customers," said Masao Nakamura, president of NTT DoCoMo.

The companies said their joint venture will be established with paid-in-capital of ¥300m - 70% coming from McDonald's and 30% from DoCoMo.

The cellphone and burger giants said the joint venture was not exclusive and that they were open to similar deals with other companies.

 
 
Comment on this story
0 comments
Comments have been closed for this article.
It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

Sasha

"In the short term this is true, Greece will dominate the headlines on a day to day basis, until their next elections when there would be some clarity to answer the question, "What next for Greece?" Amazingly everyone except the politicians seem to be lining themselves up for worst case scenario, b... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...