South Korea to add 300,00 new Pay-By-Phone checkouts at major retail counters

South Korea NFC Shopping

South Korea has announced its intentions to either newly install or upgrade the mobile payment units at 300,000 checkouts, enabling major transport services and retailers to accept customer payments by way of mobile devices such as cellular phones. This attempt is only the latest in several efforts made by the country to encourage this potentially profitable market, with the competitive introduction of Apple Inc. and Google Inc.’s services for payment by phone. The communication commission of the country stated that it would also be requiring all vendors of smartphones to…

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