Android Pay will launch in Korea in May with support from Shinhan Card, Hyundai Card, Lotte Card and Hana Card, according to ETNews... More
South Korea
Dynamics CEO shares details on how LG Pay will work with magnetic stripe card terminals
The Wireless Magnetic Communication technology being used for LG’s mobile payment service will allow consumers to pay with their phones in more places without having to change any of the point of sale terminals or re-educate merchants, technology provider Dynamics’ CEO has told NFC World. More
LG to launch mobile payments service using magnetic communication technology
LG will launch its LG Pay mobile payments service in Korea in June this year using a mobile payment technology that works by “generating a magnetic signal from a mobile device such as a smartphone, and paying it to a general credit card terminal”. More
Samsung Pay goes live across India with support for Paytm and UPI money transfers
Samsung Pay has launched in India with support from Visa, Mastercard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank, with Citibank India support expected “shortly”. The service has also integrated India’s leading mobile wallet Paytm and comes with support for peer-to-peer money transfers through the Indian government’s Unified Payments Interface platform. More
Sweden becomes first Nordic country to get Samsung Pay
Samsung Pay has launched in beta across Sweden, the first Nordic country to see the mobile payment service rolled out, with support from debit and credit card providers Mastercard, Mastercard SAS, Visa, Eurocard, and banks Nordea and SEB... More
South Korea to test NFC credit card authentication for online shopping
The Korea Communications Commission (KCC) is to run a pilot allowing consumers to authenticate themselves when making online purchases by tapping their credit card against an NFC smartphone, The Korea Herald reports... More
Samsung Pay goes live in Malaysia
Samsung Pay has begun rolling out in Malaysia with support from CIMB, Citibank and Standard Chartered, with Hong Leong Bank coming soon... More
Ant Financial invests in Korea and Philippines
Alipay parent company Ant Financial is to invest US$200m in South Korean mobile finance platform Kakao Pay to “expand its online and offline payment coverage”... More
Apple Pay and Android Pay prepare for Korea launch
Apple Pay and Android Pay are preparing to launch in Korea, according to The Korea Herald... More
LG to abandon mobile payments platform plans?
LG will not launch its LG Pay mobile payments platform on the upcoming LG G6 device due to time constraints and the company may be abandoning its plans to launch the service altogether, South Korean publication Newsis reports... More
Google unveils Android Wear 2.0 and new watch with support for NFC mobile payments
Google has officially unveiled Android Wear 2.0, the new version of its operating system for smartwatches, and two new watches from LG — one of which comes with NFC to support HCE mobile payments using Android Pay... More
Samsung to bring Mini version of Samsung Pay to all Android handsets
Samsung is to launch a pared-down version of Samsung Pay which will make the mobile payments service available on all Android handsets... More
Samsung Pay preps for Indian debut
Samsung Pay is preparing to launch in India... More
Palm vein authentication system launched for mobile devices
A palm vein authentication system compact enough to be used in tablets and other mobile devices as “dependable as current optical units” has been unveiled by Japanese electronics firm Fujitsu... More
Biometric payments pilot to test palm vein replacement for cards
South Korea’s Financial Services Commission (FSC) is planning to launch a pilot in the first half of 2017 that will allow consumers to make payments at the point of sale using palm vein authentication technology, without the need of a physical payment card... More
Korean central bank to put small change on cards
The Bank of Korea (BOK) is to pilot a service that allows merchants to give customers change in the form of a top-up onto a prepaid card instead of coins... More
Apple rejects Samsung Pay Mini on iOS
Apple has rejected the registration of the Samsung Pay Mini online payments app onto its app store, according to ET News... More
Korea gets BioCA facial recognition solution
A facial biometric authentication service for money transfers has been launched by Korea International Trade Association subsidiary Korea Trade Network (KTNET), in collaboration with biometrics provider Daon and the Korea Smart Authentication Corporation... More
LotteCard to use Gemalto contactless stickers for NFC mobile payments
PARTNER NEWS: Korean credit card network LotteCard is using digital security giant Gemalto’s Optelio Contactless Stickers to allow its customers to make NFC mobile payments at 35,000 stores throughout South Korea... More
Blockchain authentication for mobile transactions
South Korea’s KB Kookmin Card is working with Bitcoin exchange service startup Coinplug to release a blockchain-based personal authentication service for mobile transactions next month, Pulse reports... More