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Kakaopay to Expand Offline Payment Service

Kakaopay to Expand Offline Payment Service

SEOUL, May 20 (Korea Bizwire) — Kakaopay Corp. said Monday that it will expand its offline payment business to solidify its status as South Korea’s leading fintech service platform provider. Kakaopay said it plans to launch its own application within this year so that more users can use credit cards through the one-click payment system [...]

Ingenico Answers Consumers’ Call for More Payment Options Through New LinkPlus Solution

Ingenico Answers Consumers’ Call for More Payment Options Through New LinkPlus Solution

AMSTERDAM, NETHERLANDS, May 9 (Korea Bizwire) - Payment leader Ingenico Group (Euronext: FR0000125346 – ING) has launched LinkPlus, a simple and secure solution for businesses who handle payments over the phone. The solution enables online businesses to send payments through a link or QR code, removing the need to manually process unsecured credit card details or [...]

Online Banking Used Over 100 Million Times a Day in S. Korea

Online Banking Used Over 100 Million Times a Day in S. Korea

SEOUL, Dec. 18 (Korea Bizwire) – South Koreans use online banking services more than 100 million times a day via computers or smartphones, exceeding 53 trillion won (US$46.9 billion) in transactions, as an increasing number of customers are going online to check bank statements, wire cash, and get a loan. The Korea Institute of Finance [...]

Euronet USA’s Advanced Technology Solution Selected by Banco de Moçambique for Their National Payment Network

Euronet USA’s Advanced Technology Solution Selected by Banco de Moçambique for Their National Payment Network

LEAWOOD, Kan., Dec. 17 (Korea Bizwire) — On Monday, December 10, 2018, Euronet USA, Inc. signed an agreement with Banco de Moçambique to provide a modernized national payment network solution to Mozambique.  Under the agreement, Euronet will provide state-of-the-art software for the financial system in Mozambique.  Euronet’s superior technology combined with over 40 years of [...]

Seoul’s New QR Code Payment for Taxis to Prevent Overcharging

Seoul’s New QR Code Payment for Taxis to Prevent Overcharging

SEOUL, Oct. 24 (Korea Bizwire) — For the first time in South Korea, the Seoul Metropolitan Government plans to adopt a system in which dynamic QR codes are used to easily pay taxi fares. The city’s plan for a QR code payment standard for taxis will be compatible with various payment methods. Starting in January [...]

INVEX Partners with Ondot to Launch the First Instant Digital Card in México

INVEX Partners with Ondot to Launch the First Instant Digital Card in México

Santa Clara, California and Mexico City, Mexico, Oct. 22 (Korea Bizwire) — INVEX (BMV: INVEX A) Credit Card business, the only monoliner specializing in payments and cobranded cards, with focus on 100% digital customer experience in Mexico, has partnered with Ondot, the global leader in mobile payments services, to deliver full card life-cycle management associated [...]

Cashless Economy Encroaches on Everyday Life

Cashless Economy Encroaches on Everyday Life

SEOUL, Oct. 12 (Korea Bizwire) — On an ordinary weekday in downtown Seoul a middle-aged woman walks into a Starbucks to order a cup of coffee. When she takes some paper bills out of her purse to pay the cashier, he politely refuses them and points to a notice at the entrance. “This store doesn’t [...]