2024.03.29 (금)

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Mobile Wallet & Mobile Payment in Korea 2014 Report

[By NBC-1TV H. J Yook]The Leading Names in Mobile Wallet and Mobile Payment in Korea Give Unique Insight: Samsung Electronics, SK Planet, Daum Communications and Hana Bank

While SK Planet, a subsidiary of SK Telecom, is leading the local mobile wallet market with over 11 million registered users, rival operators such as KT and LG Uplus are following far behind. Most bank and card companies are riding the mobile-wallet bandwagon, and retailers including Starbucks Korea and CJ Group are joining the wallet competition. In addition to global tech giant players in this field such as Google, Apple and Paypal, Samsung Electronics recently joined the wallet party.

Concerning the mobile wallet and mobile payment ecosystem, this year will be very important for all players involved, such as-major technology firms, retail providers, mobile carriers, start-ups, and the traditional financial firms.-

Who will be the winner of the lucrative new opportunities provided by mobile wallet and mobile payment?



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