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Samsung Pay Hits 2 Tln Won in Accumulated Transactions in S. Korea

Samsung Pay Hits 2 Tln Won in Accumulated Transactions in S. Korea

SEOUL, Aug. 24 (Korea Bizwire) – Samsung Electronics Co.’s mobile-payment service, Samsung Pay, has hit 2 trillion won (US$1.8 billion) in accumulated transaction volume in South Korea, the company said Wednesday.  The record came about one year after Samsung launched the mobile-payment service at home.  Of the accumulated transaction volume, the value of fingerprint-identification mobile [...]

Lotte Focuses on Mobile Payment Platform

Lotte Focuses on Mobile Payment Platform

SEOUL, May 11 (Korea Bizwire) – South Korea’s retail conglomerate Lotte Group is ratcheting up efforts to promote its own mobile payment platform, L Pay, industry watchers said Wednesday, as such services gained popularity over previous months amid the rising number of smartphone users.  Lotte Group chairman Shin Dong-bin was recently quoted as saying by [...]