Mobile card payments surge in South Korea

12/3/2012 | Maeil Business Newspaper (South Korea)

Mobile card spending in South Korea reached more than 10 billion last month, nearly equaling all of last year's total, according to industry sources. “Our sales increased 10-fold last year from 1 billion won of 2010, and expanded over five times this year. NFC mobile payment volume surpassed 10 billion won on a monthly basis, and the growth momentum is set to make the mobile payment part of mainstream trend next year,” said an official with Hana SK mobile cards.

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Maeil Business Newspaper (South Korea)

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