Five news stories.
• Should NH Nonghyup Bank be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should NH Nonghyup 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
Samsung and Naver have formed a strategic partnership designed to maintain the two companies’ mobile payments market leadership in South Korea ahead of Apple’s expected launch of Apple Pay in the country in the coming months... 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
Samsung Pay now has approximately five million users in South Korea and the US who have processed more than $500m through the mobile payment service in the first six months since its launch. The service is due to be rolled out in China next month, Samsung has revealed, followed by a global expansion to Australia, Brazil, Singapore, Spain, the UK and Canada later in the year. 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