SEOUL, Jul. 31 (Korea Bizwire) – JUSTOUCH, a new payment system based on near-field communication (NFC), is set to initiate services on August 1 with seven out of eight Korean credit companies offering the new system as a payment option for consumers. According to industry insiders, consumers will be able to make payments with JUSTOUCH [...]
SEOUL, Sept. 6 (Korea Bizwire) – South Korea plans to roll out commercial services for personal authentication for online and mobile payments utilizing the short-range wireless technology used in credit cards, officials said Tuesday. According to the Office of Government Policy Coordination, the government is set to approve the new service, which grants users personal [...]
SEOUL, Sept. 16 (Korea Bizwire) — Samsung Electronics Co. signaled Wednesday that the tech giant may expand its latest mobile payment system to budget smartphones, and expected the number of its users to grow further down the road. Samsung Pay, officially launched in South Korea last month, is currently available for only high-end smartphone models [...]
SEOUL, Sept. 15 (Korea Bizwire) — More than half of the smartphones to be sold around the globe will boast near field communication (NFC), a key technology in mobile payment, in 2016, a report showed Tuesday, casting a cloud over Samsung Electronics Co.’s latest mobile payment tool, Samsung Pay. The portion of NFC-equipped smartphones will reach [...]
SEOUL, July 7 (Korea Bizwire) – When visitors enter the philodendron sector of the Korea National Arboretum, their smartphones display information, including videos, about various kinds of vines. When they head to the ornamental tree sector, their smartphones can introduce new information related to ornamental trees. The Ministry of Science, ICT and Future Planning will implement [...]
SEOUL, June 18 (Korea Bizwire) – Smart technology is even coming to handbags. Couronne, Kolon Industry’s designer handbag brand, announced on June 17 that it would hold a presale event for its “Smart Bag 1.0: Glimm” from June 17 to 30. The smart handbag adopted Internet of Things technologies including NFC and Bluetooth, and shows the [...]
SEOUL, May 4 (Korea Bizwire) – BC Card is set to launch Korea’s first mobile credit card service that does not involve the use of a real plastic card. According to a company statement on May 3, BC Card conducted a series of pre-launch tests for its new product over a period of four days, and [...]
SEOUL, Mar. 4 (Korea Bizwire) — Samsung Electronics Co., the world’s largest smartphone maker, said Wednesday its new mobile payment platform, Samsung Pay, will be available for use by the second half of this year, which is expected to bring changes to the financial technology industry. The South Korean tech giant said it is moving [...]
SEOUL, South Korea, Mar. 3 (Korea Bizwire) — Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, today announced new cutting-edge mobile component solutions that advance users’ mobile experiences. These solutions include an 8-megapixel (MP) RWB (Red-White-Blue) image sensor based on ISOCELL technology and an NFC (Near Field Communication) integrated circuit (IC) with [...]
SEOUL, Oct 21 (Korea Bizwire) – MasterCard seems to take full advantage of surging interest surrounding Apple Pay, the tech giant’s newly launched NFC-driven easy-to-use contactless payments system. MasterCard said on October 20 that the contactless payment experience will be available at the 2014 World Series through a partnership with mobile technology leader MLB Advanced [...]