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Nuvei Announces Next Step in Its Global Expansion Plan with Australia Launch

MONTREAL, March 5(Korea Bizwire) – Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that businesses operating in Australia can now access its full suite of market-leading payments solutions including acquiring, processing, alternative payment methods and risk management. Australian businesses operating locally and globally will benefit from Nuvei’s [...]

Paid Sick Leave System to Kick Off in July for 1-yr Trial in 6 Areas

SEOUL, June 15 (Korea Bizwire) — A paid sick leave system guaranteeing 60 percent of the minimum wage as sick pay will go into effect next month for a one-year trial in six cities across the nation, Interior Minister Lee Sang-min said Wednesday. The minister made the remarks during a government COVID-19 response meeting, saying [...]

S. Koreans’ Spending on Disney+ Hits Over 17 bln Won in Nov.

SEOUL, Dec. 7 (Korea Bizwire) — South Koreans are estimated to have spent more than 17 billion won (US$14.5 million) in purchasing contents by Disney+ less than a month since its launch here, data showed Tuesday. Payments to Disney+ in the country were estimated at 17.2 billion won for November, according to industry tracker WiseApp, [...]

Convenience Stores Introduce Payment System Based on Facial Recognition

SEOUL, Oct. 19 (Korea Bizwire) — Late night shopping at a local convenience store will now be possible without the help of staff – and you can leave your wallet at home, too. South Korean credit card company Shinhan Card Co., in tandem with BGF Retail Co., the operator of convenience store chain CU, recently [...]

S. Koreans Spent Record on Netflix in Sept.

SEOUL, Oct. 13 (Korea Bizwire) — South Koreans’ card payments to Netflix reached a fresh high of 46.2 billion won (US$40.2 million) last month, data showed Tuesday, a nearly twofold jump from a year earlier. An estimated 3.36 million people here spent the record amount in September on the popular video streaming platform, according to [...]

Eight in 10 Households Receive Emergency Relief Funds

SEOUL, May 20 (Korea Bizwire) — Eight in 10 South Korean households have received emergency disaster relief funds now being paid by the government to the whole country to cope with the economic impact of the coronavirus outbreak, the Ministry of the Interior and Safety said Wednesday. On May 4, South Korea began paying out [...]

Payments of Disaster Relief Money Begin Monday

SEOUL, May 4 (Korea Bizwire) — South Korea on Monday began paying out emergency disaster relief funds totaling 14.3 trillion won (US$11.65 billion) to all households to cope with the economic impact of the coronavirus outbreak. The government plans to provide 1 million won each to households with four or more members, 800,000 won to [...]

Advanced Technology Moves into Daily Life as Fear of Coronavirus Spreads

SEOUL, Feb. 17 (Korea Bizwire) — As the aftermath of the novel coronavirus outbreak, technologies that can reduce anxiety and fear in daily life are rapidly gaining popularity. In particular, so-called ‘untact’ ordering services are quickly gaining ground at restaurants. These types of services allow customers to order and pay for their food at the [...]

Invisible Payments to Take the Stage as the New Commerce Norm

AMSTERDAM, the Netherlands, Nov. 8 (Korea Bizwire) — Payvision, a global fintech and omnichannel payments provider, released a new ebook exploring the future of commerce payments. The research looks into how the next generation of payments is reinventing the shopping experience, giving merchants clear insight into key strategic retail trends. The future of payments is instant [...]

With Apple Card Launch, Banks Look to Fintechs to Catch Up on Digital Experiences

Santa Clara, CA (USA), Aug. 8 (Korea Bizwire) — Apple, the established leader in simplifying user experiences, has put a stake in the ground for what a card experience should look like with the launch of the Apple Card. By heavily integrating the Apple Card experience into the Apple Pay app, they are able to [...]