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S. Korean Retailers Expand Partnership with Chinese Mobile Payment Platforms

S. Korean Retailers Expand Partnership with Chinese Mobile Payment Platforms

SEOUL, Aug. 30 (Korea Bizwire) — South Korean retailers are increasingly joining hands with Chinese mobile payment platforms to attract more Chinese visitors as they strive to recover from the fallout from a diplomatic row between Seoul and Beijing, industry sources said Thursday. Shinsegae DF Inc. said it has adopted UnionPay’s QR code payment system [...]

Samsung Pay Most Popular Android Payment App in S. Korea

Samsung Pay Most Popular Android Payment App in S. Korea

SEOUL, Aug. 14 (Korea Bizwire) — Samsung Electronics Co.’s mobile payment system, Samsung Pay, boasted 8.86 million users in July in South Korea, making it the most popular Android-based financial app, data showed Tuesday. According to the data compiled by industry tracker WiseApp, Samsung Pay saw its number of users move up 53 percent from [...]

Central Bank to Develop Settlement Service to Expand Mobile Cash Card Payment

Central Bank to Develop Settlement Service to Expand Mobile Cash Card Payment

SEOUL, Jul. 31 (Korea Bizwire) — The South Korean central bank said Tuesday that it will adopt a new mobile cash card settlement service starting next year in a bid to expand simplified mobile payments in the country. A council on financial information by the Bank of Korea (BOK) and local banks decided to develop [...]

More than Quarter of S. Koreans Use Mobile Payment Services: Poll

More than Quarter of S. Koreans Use Mobile Payment Services: Poll

SEOUL, Apr. 30 (Korea Bizwire) — More than a quarter of South Koreans have used mobile payment services as increasing numbers of people use mobile devices to pay for goods and services in one of the world’s most wired countries, a poll showed Monday. The survey of 2,500 adults, conducted by the Bank of Korea [...]

S. Koreans’ Awareness of Mobile Payment High: Poll

S. Koreans’ Awareness of Mobile Payment High: Poll

SEOUL, Sept. 5 (Korea Bizwire) — South Koreans’ awareness of mobile payment services ranks high among major advanced and emerging countries, a poll showed Tuesday, as many tech-savvy consumers turn to their smartphones for settlements. According to the survey of 18,180 consumers in 23 countries by global opinion research firm Ipsos, 64 percent of South [...]

Chinese tourists can now use Alipay at 10,000 merchants across South Africa

Chinese tourists can now use Alipay at 10,000 merchants across South Africa

HANGZHOU, China and CAPE TOWN, South Africa, Aug. 31 (Korea Bizwire) — Starting today, Chinese tourists in South Africa will have more opportunities to pay via smartphone as Alipay, the world’s largest online and mobile payment platform, operated by Ant Financial Services Group (“Ant Financial”, “Ant”), partners with Zapper, the fast-growing mobile payment, customer insights [...]

Alipay Brings Enhanced “Cashless” Experience for Chinese Tourists in the Principality of Monaco

Alipay Brings Enhanced “Cashless” Experience for Chinese Tourists in the Principality of Monaco

LONDON, Jun. 27 (Korea Bizwire) — Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group (“Ant Financial”, “Ant”), today announced that it has signed a MoU with the Government of Monaco, which will enable merchants in Monaco to accept payment via Alipay, giving Chinese tourists the same convenient payment [...]