Apple Pay Archives | Be Korea-savvy
Credit Card Firms to Support Successful Launch of Samsung Pay

Credit Card Firms to Support Successful Launch of Samsung Pay

SEOUL, Aug. 18 (Korea Bizwire) – South Korea’s top tech giant Samsung Electronics said Tuesday the country’s 10 credit card companies have agreed to support its new mobile payment system whose launch is slated for later this week. The Samsung Pay service, scheduled to debut on Thursday in South Korea, supports not only the near field [...]

Samsung Acquires U.S. Mobile Payment Operator LoopPay

Samsung Acquires U.S. Mobile Payment Operator LoopPay

SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics said Thursday that it has bought U.S. mobile technology firm LoopPay, a move apparently aimed at making inroads into the mobile payment technology market against its rival Apple. “Samsung has made efforts to provide safe and convenient mobile payment service,” said Shin Jong-kyun who [...]

Apple Pay Reportedly Knocks on Door of Korea’s Mobile Payment Market

Apple Pay Reportedly Knocks on Door of Korea’s Mobile Payment Market

SEOUL, Oct. 22 (Korea Bizwire) – Apple Inc. is looking into the possibility of moving in to Korea’s electronic payment market, according to sources and reports knowledgeable on the issue. In a situation where the entry barriers to electronic payment market have been lowered substantially after the abolition of the mandatory public key authentication scheme and [...]