(1)Even if the NFC function is excluded, between credit card companies
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(2)The noise continues to grow The Credit Association asked each credit card company for its opinion on obtaining an estimate for NFC functionality on IC terminals, and five credit card companies except Shinhan, Samsung, and Lotte agreed, but the Credit Association ignored it and carried out the project arbitrarily
(1)The reason for the lack of supply of NFC terminals by domestic merchants dates back to 2015 eight years ago, when the credit association created a 150 billion won joint fund to convert magnetic terminals of small merchants with weak security into IC terminals
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(2)C explained, “8 years ago, credit card companies raised 150 billion won to replace small business terminals, but the amount used for replacement is about 100 billion won,” adding, “I understand that the remaining 50 billion won has not yet been used by the association.”
(3)He added, “It is a natural logic, but credit card companies other than Hyundai Card do not welcome the supply of NFC terminals.”
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2015
Pros and cons of adding NFC function in the process of replacing IC terminal
Hyundai Card Hana Card BC Card KB Kookmin Card Woori Card
5 credit card companies
Introducing NFC. Go, go
Shinhan Card, Samsung Card, Lotte Card
Three credit card companies
Do not introduce NFC
Goddess Association, then take out NFC
I agree with 5 credit card companies
Goddess Association. Yes, I’m going to take it out
In 2017
Shinhan Card Lotte Card, which changed its mind, was joined by Hyundai Card Hana Card
Google Pay’s Non-Disclosure Agreement to Enter the Korean Market
Goddess. Yes, I can’
The year of 2019
Fitbit Pay Attempts to Enter the Korean Market
I tried for two years, but I failed
Pitbit Pay Official Announcement Unlike other countries, more demanding procedures and policies exist