Hyundai to let drivers use their iPhone to unlock their vehicle
Hyundai is to let iPhone users lock and unlock their vehicles and control selected vehicle systems remotely with a digital key compatible with Apple devices... More
Business Korea
Korean card companies to launch joint NFC payments service in bid to combat Chinese QR threat
Korean credit card companies to introduce a joint mobile payment system in March — Business Korea — “Eight domestic credit card firms have completed the development of NFC standard ‘Justouch’ and will jointly promote it by supplying 25,000 readers across the nation by the end of next month… They are concerned about the possibility of Chinese counterparts encroaching on the domestic market if they don’t take action now as mobile payment is very common in China.”
Android Pay to debut in August in Korea
Android Pay to debut in August in Korea — Business Korea — “At present, every one of the eight credit card companies in the country is discussing a joint Android Pay service with Google.”
Samsung Pay to come with most Samsung smartphones
All Samsung smartphones except for a handful of low-end models will come with Samsung Pay preinstalled from the start of 2017, an official from the company has told Business Korea... More
South Korean firms the latest to take action against Apple
A group of South Korean financial services providers are following in the footsteps of four Australian banks by preparing to take action against Apple in a bid to pressurise the technology giant into opening up the NFC technology within its iPhone handsets... More
LG U+ to launch biometric authentication platform
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
Samsung Pay to add P2P payments?
Korean startup Hankook NFC has reportedly applied for a patent for a hardware module that would allow consumers to use Samsung Pay to transfer money between devices and pay with a credit card... More
One million Koreans sign up for Samsung Pay
The number of Koreans using Samsung Pay has doubled in the last month to one million and 100,000 payments are now being made using the service every day, Business Korea reports... More
500,000 Koreans sign up for Samsung Pay
Samsung Pay has signed up more than 500,000 users since its introduction in Korea in August 2015... More
LG U+ to issue UnionPay mobile credit cards in China
Korean mobile network operator LG U+ will issue UnionPay mobile credit cards and payment services in China, in partnership with KB Kookmin Card, from next month... More
LG and Google could partner for Android Pay launch
LG Electronics has reportedly partnered with Google to launch Android Pay on its next Google Nexus phone, expected to become available in October... More
Apple Pay faces problems in Korea
Apple faces challenges in introducing Apple Pay in Korea after failing to “coordinate different opinions” over transaction fees with local credit card companies, including Shinhan Card, Hyundai Card and KB Card... More
No Samsung Pay fees for Korean issuers
No fees will be charged by Samsung to card issuers making use of its new Samsung Pay service in Korea, Business Korea reports, “to help dominate the rapidly-growing mobile payments market”... More
Samsung and PayPal to offer smartwatch payments
Samsung is working on a smartwatch that will include biometric verification and support for PayPal payments and location-based offers, reports Business Korea... More
