SEOUL, Jun. 14 (Korea Bizwire) — The rise of fintech is reshaping the landscape of the South Korean financial industry. Fintech, a portmanteau of the words ‘finance’ and ‘technology’, refers to the use of IT services to replace traditional human-based processes or interaction, examples of which include internet payment systems such as Paypal. Similar services [...]
SEOUL, June 29 (Korea Bizwire) – South Korea’s top Internet portal operator Naver Corp. said Wednesday that the user count of its mobile payment tool, Naver Pay, has topped 11 million a year after its launch, as more smartphone users opt to use it to make e-commerce purchases. A total of 11 million active users [...]
SEOUL, Jun. 21 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday its mobile payment platform Kakao Pay currently has more than 10 million users, roughly 19 months after its launch in the country. Introduced in September 2014 and similar to the world-famous PayPal, users pre-register their credit and debit cards, [...]
SEOUL, May 27 (Korea Bizwire) – Jin Air, a budget airline in Korea, will be the first carrier to introduce Kakao Pay as a mobile ticket payment method. With its decision, passengers purchasing Jin Air tickets through the Internet or on mobile apps will be able to pay using their Kakao Pay accounts, as well [...]