Thursday, May 15, 2008

[The Chosun Ilbo, April 22 2008] Just Pay With Your Phone, Please

A brave new world where mobile phones double as credit cards is just around the corner. Shinhan Card and KTF on Monday established a joint venture to introduce a new mobile phone payment system, and announced they are embarking on developing credit cards that can be used extensively in mobile phones. Shinhan Card has been providing a credit card service in mobile phone terminals, but only two types of cards could be used in handsets, limiting the choice of customers. The joint venture aims to develop new types of mobile credit cards so that one day phones will replace plastic cards.

No comments: