LG U+

12 news stories.

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Samsung partners with Korean banks and carriers to launch blockchain mobile ID platform

By Sarah Clark • • Updated • nfcw.com

Consortium launches blockchain-based digital ID in S Korea — Yonhap News — “A group of major tech companies and financial institutions have joined hands to launch a blockchain-based digital identity platform available on smartphones… Samsung Electronics Co, three mobile carriers — SK Telecom Co, KT Corp and LG Uplus Corp — KEB Hana Bank, Woori Bank and Koscom, an IT subsidiary of the main stock exchange, signed an agreement to jointly develop a mobile application for the digital ID platform.”

What's New in Payments

LG to pilot blockchain carrier billing system for international mobile payments in stores

By Sarah Clark • • nfcw.com

LG U+ to offer blockchain-based overseas payment service — The Korea Herald — “Once the service is launched, LG U+ subscribers will be able to buy things at selected retailers using their mobile phones when they travel to Taiwan and Japan. Far EasTone subscribers will also be able to enjoy the same convenience when traveling to Korea and Japan. The service uses direct carrier billing, enabling transactions to be billed and paid through their carrier in their home currency.”

LG U+ to launch biometric authentication platform

By Rian Boden • • Updated • nfcw.com

LG U+ is to release a new service in August that uses biometric authentication for mobile shopping and banking transactions based on the storage of “personal biometric information in universal subscriber identity modules (USIMs),” according to Business Korea... More

NFC World

Korean banks launch NFC payments service

By Sarah Clark • • Updated • nfcw.com
BankWallet

Sixteen Korean banks have introduced BankWallet, a prepaid NFC payments service that uses a platform developed by interbank clearing house KFTC. SK Telecom subscribers with an NFC phone will be the first to be able to use the new service and KT customers will be added soon. More

NFC World

NFC shopping zone opens in Seoul

By Sarah Clark • • Updated • nfcw.com
Banners advertise Seoul's NFC Zone

Korea’s leading mobile network operators, card networks, phone manufacturers and government agencies have joined forces to provide shoppers in Seoul’s busiest shopping district with a wide range of NFC services including payments, couponing, smart posters and digital receipts. More