The Bank of Korea (BOK) has signed up retailers including CU, 7-Eleven, E-Mart, Lotte Mart and Lotte Department Store to begin trialling a service that will give customers change in the form of a top-up to a prepaid card. “Cha Hyeon-jin, an official handling the issue at the BOK, said no decision has been made yet on whether the pilot project could eventually lead to a cashless society, but he predicted that there is a good chance that such a development may be possible down the road,” Korea Times reports.
- NFCW Expo online exhibition opens 21 September
- Bahamas to roll out central bank digital currency nationwide
- Jacksonville Jaguars add QR payments to mobile ticketing app
- Titan and SBI pick Tappy wearable payments technology for India’s first contactless payment watches
- Malaysian bank rolls out contactless card acceptance on standard NFC phones
- Jersey promotes consumer spending at local businesses with prepaid stimulus card
This article is more than three years old