12 news stories.
• Should Shinhan Bank be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Shinhan Bank be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
Consumers in Korea can now make cash withdrawals and deposits at ATMs by scanning a QR code with their Apple or Android smartphone rather than needing to use a physical bank card... More
Korea’s Shinhan Bank is to begin rolling out biometric ATMs that will allow customers to access ATM services without needing to carry a bank card... More
Fitbit users are now able to add Google Wallet to Sense 2 and Versa 4 smartwatches and then use their wearable to make contactless payments in 45 countries, including 7 of the 12 countries where Google Wallet is now available for the first time... More
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
Shinhan Card develops blockchain-based payment system — The Korea Times — “With the patent-winning technology, the card firm has established a blockchain-powered credit transaction process that enables various functions, such as setting a maximum spending limit, paying in monthly installments and completing payments between merchants and consumers… The company is the first in the world to have established a credit transaction service using the new record-keeping technology, it said.”
Samsung Pay users across South Korea can now use the Bixby artificial intelligence feature in Samsung Galaxy S8 and S8 Plus handsets to conduct transactions with their voice, including completing peer-to-peer (P2P) transfers and finding out their account balance... More
LG has announced the launch of its LG Pay mobile payments service in Korea, allowing consumers with the LG G6 smartphone to make mobile payments using the service’s Wireless Magnetic Communication (WMC) technology... More
Samsung Pay users in South Korea will soon be able to both deposit and withdraw money from the ATMs of Woori Bank, Shinhan Bank, KB Kookmin Bank, Industrial Bank of Korea and NH Nonghyup Bank... More
Korean banks are lining up to support Samsung Pay, including Shinhan Bank, KB Kookmin Bank, NH Nonghyup Bank and Industrial Bank of Korea, Korea Joongang Daily reports. “Currently, Samsung Pay only works with Woori Bank, but the exclusive contract between the two will expire next month, and now, more institutions are seeking to link up with Samsung Pay,” the publication says... More
Korean card issuers will adopt biometric recognition solutions from September following clearing from the Financial Services Commission... More
Samsung will launch a mobile money transfer service in Korea at the end of this year in partnership with mobile payment service provider Yelopay and six banks, Korea Bizwire reports... More
Korea’s banks are making a renewed push on mobile payments in the face of increasing competition from outside the financial services sector, Korea Bizwire reports, citing Hana Bank’s ‘Hana N Wallet’, Industrial Bank of Korea’s ‘IBK One Money’, and Shinhan Bank’s ‘Zoo Money’ and ‘My Shinhan Pay’ services... More