SEOUL, Dec. 8 (Korea Bizwire) – The number of cash dispensers (CD) and automated teller machines (ATM) fell for a second straight year in 2015 on growing demand for Internet and mobile banking services, South Korea’s central bank said Thursday. The Bank of Korea said the number of CDs and ATMs across the country came [...]
SEOUL, Aug. 9 (Korea Bizwire) – South Korea’s mobile banking, mostly based on smartphones, continued to grow quickly in the second quarter of 2016, with the daily average transaction volume exceeding 3 trillion won (US$2.7 billion), central bank data showed Tuesday. The daily transaction volume rose 6.3 percent on-quarter to 3.78 trillion won during the [...]
SEOUL, July 30 (Korea Bizwire)-Bankbooks have been issued ever since banks were established in Korea.But aftermore than 100 years of existence, they are going the way of the dodo. Bankbooks will no longer be issued from September 2017, but starting in September this year, in order to ease people into the new system, incentives will [...]
Mortgage loans can be applied using your mobile in near future, which will change the paradigm of mobile banking.(Image:Kobiz Media/Kobizwire) SEOUL, Nov.13 (Korea Bizwire) – From now on, banking services will become more mobile. Previously, only a small amount of money, typically less than 100,000 won at a time, can be transferred, but the more [...]