Using your Smartphone as a credit card to pay for items is nothing new, certainly in Korea. Whether you’re buying groceries or a travel ticket, swiping your credit card is a thing of the past. Instead, just tap your Smartphone on the reader and job done.
But now things are about to change. Instead of your Smartphone being the credit card, it will soon also be the credit card reader.
Great news for retailers, who now won’t need to install special RF readers to offer Tap to Pay to their customers.