SEOUL, Mar. 19 (Korea Bizwire) — Nearly 70 percent of customers have a positive view of the Seoul city government’s smartphone-based payment system, but a fewer number actually plan to use the service, a survey showed Tuesday. According to the survey by the Korea Foodservice Industry Research Institute involving 600 residents in Seoul, 67 percent [...]
SEOUL, Feb. 20 (Korea Bizwire) — The government plans to let banks open their payment systems to financial technology firms, in a move that would provide a level playing field for new players and increase competition in the financial industry, officials said Wednesday. The plan was announced at a meeting chaired by Finance Minister Hong [...]
SEOUL, Dec. 20 (Korea Bizwire) — A new smartphone-based payment service, aimed at relieving small business owners of the burden of settlement costs, was launched on a trial basis in Seoul on Thursday. The Seoul Metropolitan Government said it began the trial service of the “Zero Pay” service ahead of its formal launching after March [...]
SYDNEY, AUSTRALIA, Apr. 5 (Korea Bizwire) – Cambridge Global Payments, a leading provider of integrated cross-border payment services and risk management solutions, today announced a partnership with Spotcap, an innovative business lender which provides online credit lines and business loans to micro, small, and medium sized businesses. The partnership is a unique fintech collaboration in Australia [...]
SEOUL, Sep. 23 (Korea Bizwire) — Competition between e-commerce payment service providers is dramatically increasing as KakaoTalk, a multi-platform texting application provider, launched its new mobile payment service KakaoPay. According to the leading app company on September 21, more than 130,000 users have joined the service only in about 20 days right after the launch. [...]