The Bank of Korea
News stories featuring The Bank of Korea:
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,…
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…
January 21st, 2016
One in six South Korean consumers (15.8%) have used a mobile to pay for in-store or online purchases, research by The Bank of Korea shows. “44.4% said they used their mobile devices for shopping up to three times per month,” Yonhap News Agency reports. “49.5% said they used the mobile banking services twice a week, followed by 36.4% who have tried the service at least once over the past six months.”
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