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News

Korea: KT goes live with NFC payments system

Tuesday 26 April 2011 11:07 CET | News

South Korean wireless services provider KT has reportedly rolled out an NFC payments service, in a bid to allow local users to pay for goods via their smartphones, media outlet androidcommunity.com reports.

According to the source, the NFC system is set to be available on Galaxy S II smartphones powered by global device manufacturer Samsung. Moreover, the source reports that the recently-released NFC payments system is dubbed olleh touch and is expected to be available for use at Korean grocery store Lotte Mart.

In February 2011 , Japanese mobile operator NTT DOCOMO has entered an agreement with KT in a bid to use NFC technologies to develop cross-border mobile payment services.


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Keywords: KT, Korea, NFC, mobile payments, smartphones
Categories: Payments & Commerce
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Countries: World
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