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Retail biometrics are growing rapidly, but stakeholder consultation, testing, and policy development must be prioritized to guard against potential risks. ....
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Following the transition to a cashless society, an increasing number of Koreans are no longer using wallets because their smartphones are proving to be more convenient. According to data released by the Bank of Korea (BOK), Tuesday, consumers are increasingly using digital wallets to buy goods, with the average daily number of payments ticking up 13.4 percent from a year earlier, representing 26.28 million transactions in the first half this year. ....
Naver Financial, a financial platform owned by South Korean internet giant Naver, said Tuesday it aims to introduce a mobile payment system to be used at stores in China, allowing the company to provide a better shopping experience mainly for Koreans traveling there. The company has recently signed partnership agreements with Alipay Plus and China UnionPay, two of China’s top three mobile payment services that . ....