SEOUL, Jun. 11 (Korea Bizwire) — Credit card companies are currently consulting with financial authorities to make issuing paper receipts optional.
For card companies, issuing paper receipts is becoming more costly due to last year’s reduction in transaction fees.
Card companies argue that issuing paper receipts is not necessary since card users can check their transaction log via smart device applications or on its website.
KB Kookmin Card Co., for instance, plans to introduce a new policy to make issuing credit card sales slips optional starting next month.
“Financial authorities are positively considering the idea,” said a source familiar with the credit card industry. “We hope that they will decide on a plan that will ease off the cost.”
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