SEOUL, Nov. 27 (Korea Bizwire) — Google said Friday that it will provide an alternative payment system at its app store in South Korea from next month in an apparent move to follow the country’s new law that bans app market operators from forcing the use of their own payment systems. “Developers can now accept [...]
NEW YORK and ST PETER PORT, Guernsey, Sept. 29 (Korea Bizwire) — To create its Global Clearing System – a digital version of John Maynard Keynes’s proposed “International Clearing Union” – Global Telephony Provider Webtel.mobi (“WM”) also created a Global Unitary Payment System – with two Global Payment Facilities – the ICLM Payments and the TUV Digital Currency [...]
SEOUL, May 27 (Korea Bizwire) — An “ecosystem service payment system contract” will be introduced to compensate landowners for activities to preserve and promote ecological services by signing contracts with various levels of government. The Ministry of Environment said a related revision to the enforcement ordinance of the law was approved at a National Assembly [...]
SEOUL, Jul. 3 (Korea Bizwire) – GPE is a new generation of decentralized stable currency payment system constructed on the basis of smart contract by jointly efforts from a Singapore team who once participated in technology of multiple public chains. The scalable payment solution across public chain contracts is provided by constructing a decentralized crypto [...]
SEOUL, Jun. 20 (Korea Bizwire) — South Korean banks will fully open their payment system to fintech firms in December, officials said Thursday, in a move that could encourage the development of new payment services and greater competition in the financial sector. Currently, the financial payment network in South Korea has a closed system accessible [...]
SEOUL, Mar. 6 (Korea Bizwire) — The Seoul city government’s pilot smartphone-based payment system posted an abysmal track record in its first full month of service, data showed Wednesday. In a bid to help relieve small merchants of burdensome credit card fees, the municipality began the trial run of the “Zero Pay” service in late [...]
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, Jun. 7 (Korea Bizwire) — A new payment system will be implemented aimed at addressing one of the top difficulties small businesses face, payment processing charges. Hong Jong-hak, the minister of SMEs and Startups, stated at a gathering relating to the issue today that an innovative payment system is needed to relieve small businesses [...]
LAS VEGAS, Apr. 11 (Korea Bizwire) — NRT Technology Corp. (“NRT”), a global technology leader of current and next generation payment systems, specialized financial/marketing self-serve kiosks, and digital and mobile experiences, announced that it has acquired the assets of privately held National Cred-A-Chek, Inc. (“NCC”) the leading provider of information services for underwriting credit markers [...]