Apple Pay goes live in South Korea
Apple Pay has launched in South Korea with support for Mastercard, Visa and local debit and credit cards issued by Hyundai Card... More
South Korea
Samsung and Naver partner on mobile payments in Korea as Apple Pay prepares to go live
Samsung and Naver have formed a strategic partnership designed to maintain the two companies’ mobile payments market leadership in South Korea ahead of Apple’s expected launch of Apple Pay in the country in the coming months... More
Apple Pay set to launch in Korea
Apple Pay will go live in South Korea with support from Hyundai Card in the next few months, according to local media reports that cite statements from the two companies... More
Apple Pay to start pilot rollout in South Korea
Apple Pay will begin a limited pilot rollout in South Korea this week, initially for online payments and with offline payments to follow, according to advertisements seen in the capital Seoul and reported by local media outlets... More
Korean MNOs let users add digital national ID card to mobile verification app
Residents of South Korea can now create, store and use a digital version of their national identity card on their mobile device using the Pass verification app that they can then use to prove their age when purchasing age-restricted goods and to verify their identity when signing contracts and other legal documents... More
Bank of Korea reports slow transaction processing times in DLT digital currency pilot
The Bank of Korea (BOK) is to review additional central bank digital currency (CBDC) design options after its 10-month experiment to test a retail CBDC based on distributed ledger technology (DLT) revealed “limitations of scalability” such as slow processing times during periods of high transaction volume when compared with a more conventional centralised ledger database, the bank says... More
South Korea to roll out digital national ID cards that citizens can store on their mobile phone
Residents of South Korea will soon be able to store a digital ID in an app on their mobile phone and use it to verify their identity across a wide range of use cases including accessing government services, healthcare, finance and transport... More
Samsung Wallet to expand to 13 more countries
Samsung Wallet is to roll out in Bahrain, Denmark, Finland, Kazakhstan, Kuwait, Norway, Oman, Qatar, South Africa, Sweden, Switzerland and the United Arab Emirates, enabling users to store their digital payment, loyalty, membership and identity cards, digital keys, boarding passes and other credentials on their compatible Samsung Galaxy smartphone... More
Korean banks partner with airports for biometric traveller IDs
Passengers travelling on domestic flights from 14 airports in South Korea can now verify their identity with their hand when checking in for their flight if they register biometric data with one of nine Korean banks and financial institutions before they travel... More
NFC Forum reports surge in worldwide use of contactless NFC technology
More than eight in ten consumers have used “an NFC contactless card or mobile payment wallet” (85%) and contactless payment card usage has increased by 30% over the past two years, according to a survey of consumers in nine countries around the world that has been conducted for the NFC Forum... More
Korean subway lines to pilot ‘tagless’ Bluetooth fare payments
Passengers using two subway lines in South Korea will soon be able to test a ‘tagless’ fare payment system that enables them to pay for their tickets by walking through a ticketing gate without having to tap a contactless reader with their transit card or smartphone... More
Researchers develop edible tags for authenticating whisky and pharmaceuticals
Researchers at Purdue University in Indiana in the USA and the National Institute of Agricultural Sciences in South Korea have developed edible tags containing a 2D barcode that can be placed in bottles of whisky or pharmaceuticals, enabling consumers to authenticate a product by scanning the code with their smartphone... More
Korean buses roll out ‘tagless’ Bluetooth fare payments
Gyeonggi-do Province Transportation Bureau in South Korea has officially launched a ‘tagless’ fare payment system that uses Bluetooth technology to detect a Bluetooth signal from a passenger’s smartphone when they board and alight from the vehicle and then automatically charges their pre- or post-paid transit card for their fare... More
BIS finds consumers worldwide are switching to digital and contactless payments at ‘unprecedented rate’
Consumers in key markets around the world have switched from physical cash to digital and contactless payment methods at “a rate unprecedented” since the Bank for International Settlements (BIS) launched its Red Book of payment and settlement statistics in 2004, BIS says... More
South Korea pilots mobile driving licences
South Korea’s Ministry of the Interior and Safety and the Korean National Police Agency have begun trialling a mobile driving licence prior to a national rollout and as a first step towards the introduction of other state-issued digital ID documents... More
Hyundai to add support for Apple NFC car keys
Hyundai is to let Apple iPhone users lock, unlock and start their vehicles remotely using a digital key stored in their Wallet app... More
Korean researchers develop gate-free contactless smart ticketing solution
Researchers at the Korea Railroad Research Institute (KRRI) in Uiwang-si are developing a “smart gate-free system” that will enable passengers using public transport services to automatically pay their fares from their mobile device by walking across a “smart block” in the floor... More
More than half of Asia Pacific consumers make digital payments at least once a week
Nine in 10 consumers in the Asia Pacific region have used mobile payment apps at least once during the past 12 months, while more than half have used digital payment methods at least once a week and a sixth have made a digital payment for the first time since the beginning of the Covid-19 pandemic (15%), according to research published by Kaspersky... More
NFC digital car keys go live for Android users
Android users with a Samsung Galaxy 21 or Google Pixel 6 series smartphone can now lock, unlock and start compatible vehicles using an NFC digital car key stored on their mobile device... More
Samsung to roll out UWB and NFC digital car key in South Korea
Owners of a Samsung Galaxy S21 smartphone purchasing the new Genesis GV60 electric car in South Korea will be the first to be able to lock and unlock their vehicle from their mobile device using a digital key that supports both ultra wideband (UWB) and NFC technology... More
