Korean Wireless Payment Joint Venture
Reuters is reporting from Seoul that South Korea's three mobile operators (SK Telecom, KTF Corp., and LG Telecom) have agreed to setup a joint venture to allow customers to pay for goods using their cell phones.
The three firms, which will hold a combined 51 per cent in the venture with the remainder shared by technology providers and others, will jointly invest in the development of the new technology and set up payment terminals at shopping malls, restaurants and book stores, the source said.
Add your comment... (note that all comments are reviewed before they're published)