While mobile operators are eyeing entrance into other industries to escape from a standstill in its telecom business, KT, the second-largest mobile carrier in the local market, finally decided to acquire BC Card, which has about a 40 percent of the credit card market by revenue.
Continue reading "KT Jumping to Mobile-Finance Convergence Market" »
As early as end of this year, Korean and Japanese users will be able to experience seamless and convenient mobile payment in Korea and Japan with the introduction of Near Field Communication (NFC) based mobile financial services.
Continue reading "KT, SK Telecom Demonstrate NFC-based Cross-border Mobile Financial service" »
KT and Samsung Electronics unveiled last Wednesday a NFC (Near Field Communications)-enabled mobile phone and plan to launch the mobile-payment-supporting phone in the local market this month.
The Samsung NFC phone (model SHW-A170K) offers more diverse mobile payment services than previously available technologies such as USIM-based payment service, according to KT.
Continue reading "First NFC-enabled Phone Available in Korea" »
