SEOUL, Sept. 26 (Korea Biziwre) – Millions of Chinese visitors will now be able to use their smartphones to pay for transit in Korea. The Seoul Metropolitan government announced Monday the official launch of a mobile pay system entitled ‘UnionPay Mobile T-Money’ for public transportation. It is named after the Shanghai-based financial services corporation UnionPay, [...]
SEOUL, March 29 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has launched its mobile payment service Samsung Pay in China, speeding up efforts to expand the scope of its flagship mobile payment platform. The South Korean tech giant said Chinese users of high-end Galaxy smartphones can now use Samsung Pay in cooperation with China-based bank card [...]
SEOUL, Dec. 18 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Friday it has agreed with China’s credit card operator UnionPay Co. to cooperate in promoting its new mobile payment system in the Chinese market. Under the deal, the two firms will aim to release Samsung Pay in the first half [...]
SEOUL, July 2 (Korea Bizwire) – During the whole month of July, Seoul will be the heaven for foreign shoppers: The Seoul Metropolitan City government is staging a “Seoul Summer Sale 2014” event in tandem with the upcoming summer holiday season. From July 1 through 31, roughly 1,200 shops in the city including department stores, duty [...]
SEOUL, Korea, April 29, 2014 (Korea Bizwire) – Korea’s credit card companies started reconsidering their links with the world’s major credit card issuers such as Visa and MasterCard, which have been dominant players in the local market until recently. The industry, instead, is set to strengthen their ties with China UnionPay and Discover Card as a way [...]