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    South Korea

    News about the NFC market in South Korea — trials, pilots, tests and live services.

    Samsung Pay goes live in Malaysia

    February 24th, 2017

    Samsung Pay has begun rolling out in Malaysia with support from CIMB, Citibank and Standard Chartered, with Hong Leong Bank coming soon. The banks join existing support for the mobile payment service from Maybank, Mastercard… More

    Ant Financial invests in Korea and Philippines

    February 21st, 2017

    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”. Ant Financial has also made its first investment in the Philippines, announcing a strategic partnership to “scale up” mobile operator Globe Telecom’s mobile wallet and digital financial service Mynt.

    Apple Pay and Android Pay prepare for Korea launch

    February 15th, 2017

    Apple Pay and Android Pay are preparing to launch in Korea, according to The Korea Herald. “Apple’s executives recently held a meeting with South Korean financial authorities — a move that can be viewed as the company testing the waters,” the publication reports. “Local card companies forecast that Google’s Android Pay is likely to be introduced earlier than Apple Pay.”

    LG to abandon mobile payments platform plans?

    February 9th, 2017

    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. The company delayed the introduction of LG Pay due to issues testing the service in South Korea in September 2016.

    Google unveils Android Wear 2.0 and new watch with support for NFC mobile payments

    February 9th, 2017

    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… More

    Samsung to bring Mini version of Samsung Pay to all Android handsets

    February 2nd, 2017

    Samsung is to launch a pared-down version of Samsung Pay which will make the mobile payments service available on all Android handsets. The Samsung Pay Mini app will support certain features of the original platform,… More

    Samsung Pay preps for Indian debut

    February 1st, 2017

    Samsung Pay is preparing to launch in India. “A message that says ‘The future of payments is coming soon!’ pops up as soon as you start using the Galaxy S7 or Galaxy S7 Edge running Android 7.0 in India,” SamMobile reports. “If you dig a little deeper, you can find the Samsung Pay app installed on the phone, which is proof enough that the South Korean electronics giant is almost ready to launch Samsung Pay in India.”

    Palm vein authentication system launched for mobile devices

    January 13th, 2017

    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. The company says it expects… More

    Biometric payments pilot to test palm vein replacement for cards

    January 10th, 2017

    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,… More

    Korean central bank to put small change on cards

    January 9th, 2017

    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. The project forms part of… More

    Apple rejects Samsung Pay Mini on iOS

    December 13th, 2016

    Apple has rejected the registration of the Samsung Pay Mini online payments app onto its app store, according to ET News. “Competition between Samsung and Apple has expanded towards markets for online payments, and Samsung has decided to focus on Android rather than providing its service through Apple devices,” the publication reports. The app was expected to go live in South Korea in June 2016. It is now expected to be introduced in January 2017.

    Korea gets BioCA facial recognition solution

    December 1st, 2016

    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. “This jointly developed facial recognition service can be applied to most smartphones equipped with a selfie camera,” The Korea Herald reports. In addition to mobile apps, BioCA can also be applied to immigration checkpoints at airports, keyless automobiles and property entrances. The service is built on Daon’s IdentityX solution and will also support fingerprint and voice recognition.

    LotteCard to use Gemalto contactless stickers for NFC mobile payments

    November 17th, 2016

    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. “The miniature size sticker is one third of the size of a standard banking card and designed to adhere to the surface of any mobile phone,” Gemalto says. “The sticker also doubles as a credit card for online shopping.”

    Blockchain authentication for mobile transactions

    October 24th, 2016

    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. It will first be implemented in its mobile credit card app, simplifying the current system that requires additional personal authentication steps for logging in, registering a new credit card and for making mobile payments of 300,000 won (US$264.08) or above.

    South Korean store launches smart shopping experience

    October 7th, 2016

    Customers at Lotte Department Store in the Bundang district of Seoul, South Korea, are being offered a new service that enables them to shop by scanning the barcode on their desired products using a shopper scanner… More

    LG Pay delays launch, cites testing issues

    September 27th, 2016

    LG has delayed the introduction of LG Pay mobile payments due to issues testing the service in South Korea, according to Android Headlines. It had been expected to launch this month. In January 2016 the company announced it had developed an electronic LG Pay White Card allowing users to register multiple credit cards for in-store payments and ATM withdrawals. LG confirmed plans to introduce its own mobile payment service in November 2015.

    South Korean firms the latest to take action against Apple

    September 13th, 2016

    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… More

    South Korea plans contactless authentication

    September 7th, 2016

    The South Korean government is set to approve a service that will enable consumers to authenticate mobile payments by tapping a contactless card on the back of their NFC phone. “Last week, the government notified the relevant firms,” Yonhap News Agency reports. During this initial stage “only users who have credit cards issued by South Korean firms can access the new authentication system. Commercial service is expected to begin late this year.”

    Samsung Pay hits 100m transactions in first year

    August 24th, 2016

    Some 100m transactions in seven countries have been made using Samsung Pay, the company has revealed as it marks the mobile payment service’s one year anniversary. “Across South Korea specifically, the market has processed more than… More

    Kona unveils Kona Money for digital gift cards and mobile payments

    August 17th, 2016

    PARTNER NEWS: South Korean smart card provider Kona has unveiled Kona Money, a mobile payment service that integrates gift cards and allows for purchases to be made at the point of sale using NFC, QR… More

    Full list of NFC trials, pilots, tests and live services around the world...

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