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S. Koreans to be able to use mobile payment services overseas starting May 28

2019-05-28 1 Dailymotion

Starting today, South Korean travelers will be able to use mobile payment services to buy goods overseas.<br />With the cabinet's revised ordinance taking effect from Tuesday, …people will be able to shop at partner stores in Japan by simply scanning a QR code …after pre-charging their KakaoPay or Naver Pay accounts.<br />This payment method allows users to avoid paying overseas transaction fees to credit card companies like Visa or Mastercard.<br />The finance ministry is looking to expand the services to China and Southeast Asia,... to help strengthen the competitiveness of Korea's fintech industry. <br />

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