SEOUL, May 4 (Korea Bizwire) — A month after its launch in South Korea, Apple Pay has received a positive response from the market, especially among the tech-savvy Generation MZ who value convenience. As per Hyundai Card Co.’s announcement today, approximately 355,000 new cards were issued, marking a significant increase from the same period last [...]
SEOUL, April 6 (Korea Bizwire) — Samsung Electronics Co. has been emphasizing the versatility of its mobile payment service, Samsung Pay, in its efforts to keep Apple Pay in check as the latter recently entered the South Korean market. “Samsung Pay was a groundbreaking change that enabled consumers to pay without having to separately subscribe [...]
SEOUL, March 27 (Korea Bizwire) — Apple Pay, the near field communication (NFC) payment service offered by U.S. tech giant Apple Inc., saw over 1 million registrations (based on token issuance) within a day of its launch. However, the impact of Apple Pay in the market is likely to be limited due to certain factors. [...]
SEOUL, March 22 (Korea Bizwire) — Apple Inc.’s long-awaited mobile payment service, Apple Pay, has finally landed in South Korea this week, some seven years after the service was first initiated in the United States. It is available in local convenience stores, supermarkets, like Lotte Department Store, and coffee shops, like Paul Bassett, starting Tuesday. [...]
SEOUL, March 21 (Korea Bizwire) – U.S. tech giant Apple Inc. on Tuesday launched its mobile payment service Apple Pay in South Korea. “Apple Pay is available from today in South Korea,” Duncan Olby, who oversees Apple Pay internationally, said in a press conference in Seoul. “Users can add their credit and debit cards on [...]
SEOUL, March 6 (Korea Bizwire) –The South Korean government has turned down U.S. tech giant Apple Inc.’s request to take high-precision map data out of the country, citing security issues, a government official said Monday. Apple has sought permission for data on a Korean map with a scale of 1:5,000 from the National Geographic Information [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korean tech giants have joined hands to expand the simple payment ecosystem with the impending launch of Apple Inc.’s mobile payment service Apple Pay in the domestic market, Samsung Electronics Co., the world’s largest mobile phone maker, and Naver Financial Corp., a financial arm of leading portal operator [...]
SEOUL, Feb. 8 (Korea Bizwire) — With the anticipated introduction of Apple Pay, a mobile payment service from Apple Inc., Hyundai Card Co. held an “apple festival” to celebrate its status as the country’s sole service provider. The company held a surprise event on Monday, giving out apples to all employees at its headquarters in [...]
SEOUL, Feb. 8 (Korea Bizwire) — U.S. tech giant Apple Inc. on Wednesday confirmed that its mobile payment service Apple Pay will be launched in South Korea. “Apple will launch Apple Pay in Korea,” the company said in an e-mailed statement. But it did not elaborate on the exact timeline for the launch, saying it [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s financial regulator said Friday that local credit card firms can introduce Apple Pay, the long-awaited mobile payment service of U.S. tech giant Apple Inc., as they have followed relevant procedures. There have been reports for months that Hyundai Card Co., a local credit card unit of Hyundai [...]