The three mobile network operators are to move away from the non-NFC mobile contactless technologies they currently support in favour of an NFC standard solution. More
South Korea
Retail partnerships are the key to a new NFC business model
OPINION: Korean mobile network operator SK Telecom’s new T Smart Pay service comes with more than one twist to the ‘standard’ NFC business model. Not only has SKT bought its way into a card issuer for the launch, but it is also signing distribution deals with leading retailers. More
SK Telecom and Hana launch SIM-based mobile contactless payments and promotions service
Korean consumers who sign up for a Hana SK Card credit account and pick up a new ‘13.56MHz RF SIM’ via a retail partner will then be able to store multiple credit, loyalty and membership cards and discount coupons on their mobile phone. More
SK Telekom, Hana Financial to launch mobile contactless service in March
Hana Card, the Korean credit card issuer in which SK Telekom took a 49% stake in December, has announced it is to launch its new mobile proximity service in mid-March... More
SK Telecom buys stake in Korean card issuer, will launch mobile credit card services in 2010
Korean consumers will be able to use their mobile phones to make contactless credit card payments and pay for transport tickets from the second half of 2010, following SK Telecom’s purchase of a 49% stake in Hana Card. More
Korean card issuers plan MVNOs in bid to control mobile wallets
Two of Korea’s leading card issuers are seeking to launch their own Mobile Virtual Network Operator (MVNO) services, in a bid to ensure they are in control of their customers’ mobile wallets. More