SEOUL, Jan. 16 (Korea Bizwire) — Hyundai Department Store said Wednesday it will launch an electronic receipt issuance service with the aim of “zero” paper receipts within three years.
Electronic receipts will be issued in the form of the automatic issuance of receipts through mobile applications instead of paper receipts when purchasing goods.
Even if one is not a member of the department store’s loyalty program, the company will introduce a “mobile receipt” service that sends receipts by text message if a mobile phone number is entered in the process of product payment, which will also eliminate paper receipts.
The issuance of electronic receipts is a measure under the “paper receipt elimination” agreement signed with the Ministry of Environment and other government ministries in August of last year.
The department store expects that the issuance of electronic receipts will have the effect of eliminating paper waste and waste disposal issues as well as minimizing concerns over personal information leaks.
Last year, about 160 million paper receipts were issued from Hyundai Department Store and Hyundai outlets.
If an average length of paper receipt is 25 centimeters, the total length of issued paper receipt would be able to circle the earth once, about 40,000 kilometers.
Ashley Song (email@example.com)