24 August 2017
Visit http://response.ncr.com

Korean city pilots mobile payment initiative - Korea Herald

07 March 2002  |  2957 views  |  0 Korean city pilots mobile payment initiative - Korea Herald

Korea's Seongnam City is piloting a scheme under which consumers will use mobile phones equipped with a credit card to pay for goods throughout the city, according to a report in the Korea Herald.

Under the three-year pilot, residents of Seongnam City, south of Seoul, will be issued with mobile devices fitted with payment cards to pay for goods and services at retail locations and in restaurants around the city, writes the paper. Users will simply enter a PIN on their phone handset to initiate a payment anywhere in the city, says the daily newspaper.

According to the Korea Herald report, the credit card-equipped phones will interact with cash registers and link to a central payment system spanning the whole city.

The mobile payment system, "Zoop", runs on infrared technology from Korean firm, Harex InfoTech, and will be delivered by Korean carrier, KTF, Kookmin Card, and KFT Technologies, says the report.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

MasterCard in Philippine mobile payment card roll out

MasterCard in Philippine mobile payment card roll out

28 February 2002  |  3649 views  |  0 comments
Scandinavian tech companies pilot infrared mobile payments

Scandinavian tech companies pilot infrared mobile payments

19 February 2002  |  5074 views  |  0 comments
Mobile Payments Forum claims 45 new recruits

Mobile Payments Forum claims 45 new recruits

29 January 2002  |  3651 views  |  0 comments
Tech companies to tackle mobile payments

Tech companies to tackle mobile payments

25 January 2002  |  4260 views  |  0 comments
Visa publishes 'point and pay' infrared specifications

Visa publishes 'point and pay' infrared specifications

15 January 2002  |  3947 views  |  0 comments
Vodafone begins mobile payment trials

Vodafone begins mobile payment trials

14 January 2002  |  6368 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
22367 views comments | 47 tweets | 90 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
12172 views comments | 22 tweets | 35 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
11657 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
11387 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10965 views 0 | 7 tweets | 1 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job