SEOUL, Dec. 11 (Korea Bizwire) – Online payments using mobile devices have continued to rise in South Korea this year thanks to the widespread use of smartphones and easier transaction options tailored for tech-savvy consumers, industry data showed Friday. 11th Street and GMarket, the nation’s two leading open market operators, received about half of their [...]
Samsung Card ran a pilot program for ‘Samsung Pay’, Samsung’s mobile payment system, with its members. Most users responded positively, as 86.4 percent reused the service. (Image : Samsung Pay Homepage) SEOUL, Sept. 8 (Korea Bizwire) – Samsung Card ran a pilot program for ‘Samsung Pay’, Samsung’s mobile payment system, with its members. Most users [...]
SEOUL, Aug. 4 (Korea Bizwire) – Prior to the official launch of Samsung Pay, Samsung Electronics‘ simple on and offline payment solution, Korean card companies are busy preparing for the service. According to credit card industry representatives, Samsung Card, Samsung Group’s card company, and BC Card are now offering a trial run of Samsung Pay [...]
SEOUL, Apr. 24 (Korea Bizwire) — Seven out of ten mobile device users have purchased a product more than once through one-click mobile payment systems in the last six months. According to a report by DMC Media, a digital advertising company, 72.1 percent of 948 mobile device users polled have used one-click payment services which [...]
SEOUL, Oct. 22 (Korea Bizwire) – Apple Inc. is looking into the possibility of moving in to Korea’s electronic payment market, according to sources and reports knowledgeable on the issue. In a situation where the entry barriers to electronic payment market have been lowered substantially after the abolition of the mandatory public key authentication scheme and [...]
SEOUL, Oct. 8 (Korea Bizwire) – Recently the so-called “fintech” has been in vogue. A compound word between finance and technology, fintech encompasses services such as mobile payment, mobile money transfer, crowd funding, and the like. The main reason the word fintech has become more familiar with us is services like KakaoPay by Kakao Inc. and [...]
SEOUL, Sept. 6 (Korea Bizwire) – Kakao Inc. said on September 5 that it would officially launch “KakaoPay,” a service to allow its members to make easy payments with their mobile devices. KakaoPay users can make small payments with the simple entry of a password on their smartphone after registering with the service with their [...]
SEOUL, Aug. 31 (Korea Bizwire) – It was reported that e-commerce transactions is possible only by typing in one’s username and password as early as late September or as late as early October, as currently available with two e-commerce platform providers: PayPal, an international e-commerce business allowing Internet payments and money transfers, and Alipay, a [...]
![[Kobiz Stats] Volumes of Credit and Debit Cards Approved per Year](http://koreabizwire.com/wp/wp-content/uploads/2014/04/카드발급장수-영문.jpg "[Kobiz Stats] Volumes of Credit and Debit Cards Approved per Year")
[Related Article] Number of Credit Cards Issued Has Declined for the First Time (Korea Bizwire, April 9) Last year, the number of cards issued, both credit and debit, declined for the first time. According to the Bank of Korea’s “Payment and Settlement Report for 2013,” a total of 209.03 million cards were issued last year, [...]
SEOUL, Korea, April 9 (Korea Bizwire) – Last year, the number of cards issued, both credit and debit, declined for the first time. According to the Bank of Korea’s “Payment and Settlement Report for 2013,” a total of 209.03 million cards were issued last year, down 4.3 percent from the previous year’s 218.46 million. This [...]