SEOUL, March 29 (Korea Bizwire) – The amount of daily payments made with cards in South Korea grew about 13 percent last year as eased coronavirus-related restrictions boosted consumption, central bank data showed Wednesday. Spending made with credit, debit and prepaid cards reached a daily average of 3.1 trillion won (US$2.4 billion) in 2022, up [...]
SEOUL, July 13 (Korea Bizwire) — After COVID-19 social distancing rules were lifted, South Korea’s major online travel and accommodation platforms have seen payments break records month after month. Industry tracker WiseApp conducted a survey of Korean consumers over 20 years of age to check the value of payments they had made at online travel [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Koreans spent a record high on Netflix last month, data showed Thursday, highlighting the video streaming giant’s popularity in the country despite a recent hike in subscription fees. Local credit and debit card payments on the video streaming platform reached 82.6 billion won (US$69 million) in January, the [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Koreans spent a record high on Netflix last month, data showed Thursday, highlighting the video streaming giant’s popularity in the country amid growing competition. Payments to Netflix in the country are estimated at 75.3 billion won (US$63.5 million) in August, a 78 percent on-year rise from the previous [...]
SEOUL, Aug. 31 (Korea Bizwire) — South Korea’s parliament passed a bill Tuesday that would rein in the dominance Google and Apple exert over payments on their app stores, becoming the first nation in the world to enact such a law. South Korean lawmakers voted to approve the amendments to the Telecommunications Business Act, which [...]
SEOUL, March 18 (Korea Bizwire) — South Koreans are estimated to have spent more than 70 billion won (US$62.4 million) for Netflix’s video streaming services last month, more than tripling from the previous year, data showed Thursday. Local credit and debit card payments on the video streaming platform reached 72.5 billion won in February, the [...]
AMSTERDAM, The Netherlands, May 15 (Korea Bizwire) — Payvision, a global payments fintech player celebrates its one-year partnership with ING, one of the largest European banks, with a brand-new visual and sonic identity, marking the company’s shift into a new era. Payvision had an excellent year in 2018, fueled by its strategic partnership with ING, [...]