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
South Korea
Kona unveils customizable payment platform that supports cards, tokens, NFC, HCE and wearable devices
PARTNER NEWS: South Korean smart card provider Kona has unveiled the Kona Payment platform, a customizable, end-to-end solution for card issuers that supports tokenization, physical cards, mobile payments via both HCE and SIM-based secure elements, and wearable devices... 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
LG to launch mobile payments service?
LG has reportedly filed trademarks for ‘LG G Pay’ and ‘G Pay’ in South Korea, suggesting that the handset maker could be looking at launching its own mobile payment service... More
Alibaba and Ant Financial make “strategic investment” in India’s Paytm
Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications... More
Samsung Pay goes live in the US
Samsung Pay has launched in the US today after going live in Korea in August 2015, where it racked up a total 1.5m transactions in its first month... More
McDonald’s to accept Alipay in more than 2,100 restaurants in China
Chinese customers of fast food chain McDonald’s will soon be able to use Ant Financial’s Alipay QR code mobile payment platform to pay for their food and drink in more than 2,100 restaurants... More
Korean Samsung Pay users spend $30m in first month of launch
More than US$30m has been spent through Samsung Pay since the mobile payment service’s launch in Korea one month ago, Samsung has revealed... 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
Samsung Pay averages 25,000 new users daily
Samsung Pay is averaging 25,000 new users and more than US$620,000 in transactions per day since its launch in Korea last month... More
Woori Bank adds Samsung Pay to ATMs
South Korea’s Woori Bank has begun accepting Samsung Pay... More
Samsung’s NFC smart suit to hit IFA 2015 catwalk
Samsung’s fashion division is to showcase a smart suit equipped with an NFC chip in its sleeve at IFA 2015 in Berlin, Germany. The item from Samsung C&T Fashion Group will be one of four on show over the next week as the company unveils its platform brand for wearables which aims to integrate fashion design and technology. More
80,000 cards added to Samsung Pay in Korea
More than 80,000 credit or debit cards have been registered on Samsung Pay in Korea since its launch last week... More
NFC Forum adds new members
The NFC Forum has added new associate, implementer and non-profit members, following the recent addition of Apple as a sponsor member... More
US to get Samsung Pay in September
Samsung Pay will launch in Korea on 20 August and in the US on 28 September, the handset maker confirmed as it announced two new flagship devices in New York yesterday... More
Kona I unveils Kona Pay
South Korean smart card provider Kona I has unveiled Kona Pay, a platform that allows banks and credit card firms to develop mobile payment services based on NFC, QR and barcodes... 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
Korean card issuers cleared for biometrics
Korean card issuers will adopt biometric recognition solutions from September following clearing from the Financial Services Commission... More
Samsung Pay to start second beta testing round
Samsung Pay is reportedly set to start a second round of beta testing in Korea with Samsung Card this Friday... More
Samsung Pay trial in Korea confirmed
Samsung has confirmed it began testing Samsung Pay with Korean credit card firm Samsung Card on July 15 for select customers in Korea... More