'Contactless' service via Visa, SK Telecom
Visa International and SK Telecom recently announced plans to launch "the world's first 'contactless' payment application" on a universal SIM card, expecting to implement large-scale commercial service in South Korea this year and expanding the service globally later on.
In a joint statement, the firms said the venture was aimed at speeding up the growth of mobile payments in South Korea through fast, secure and direct access to new applications. South Korea has close to 40 million mobile subscribers and more than 83-per-cent penetration for mobile services.
|
