English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 17 November 2016, 14:00 HKT/SGT
Share:
    

Source: Gemalto NV
LotteCard uses Gemalto's Contactless Sticker for payments and transport in South Korea
EMV payment merges with any mobile phone

AMSTERDAM, Nov 17, 2016 - (ACN Newswire) - Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, is supplying its Optelio Contactless Stickers to LotteCard - one of Korea's largest credit card networks. The miniature size sticker is one third the size of a standard banking card and designed to adhere to the surface of any mobile phone. Owing to a bigger antenna and an advanced shielding technology, the sticker offers the best performance and minimizes the interferences common in latest smartphones. It has been certified by international payment associations, and is part of Gemalto's comprehensive range of wearable products.




Using the Lotte Sticker, users can make payment at 35,000 stores throughout South Korea, and enjoy the convenience of paying for bus, subway, or taxi rides by simply tapping their phone on the readers. The sticker also doubles as a credit card for online shopping. It can be applied directly from LotteCard's website, or through Lotte Group's department stores.

Contactless payment is immensely popular in South Korea. In a recent survey[1] with 2,500 households, 31.8 percent of the respondents have been enjoying such services. The same report also cites 19.9 percent using their phones for public transport payments. In fact, ABI predicted that all payment terminals in Korea would be contactless by 2019, driven by increased proliferation of contactless cards[1].

"Featuring five fashionable designs, the Lotte Sticker is a fun and convenient alternative for users to commute and pay for their daily expenses," said Kim Byung-jun, Team leader of Smart Business Team of Lotte. "Market response has been overwhelming with close to 300,000 cards issued since the initial launch in April."

"LotteCard is committed to innovation, and the sticker card has proven to be an effective way for the company to quickly introduce mobile contactless payment to its users," said Suzanne Tong-Li, President, Greater China and Korea at Gemalto.

[1] http://bit.ly/2gj0Ol6

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security, with 2015 annual revenues of EUR 3.1 billion and customers in over 180 countries. We bring trust to an increasingly connected world.

Our technologies and services enable businesses and governments to authenticate identities and protect data so they stay safe and enable services in personal devices, connected objects, the cloud and in between.

Gemalto's solutions are at the heart of modern life, from payment to enterprise security and the internet of things. We authenticate people, transactions and objects, encrypt data and create value for software - enabling our clients to deliver secure digital services for billions of individuals and things.

Our 14,000+ employees operate out of 118 offices, 45 personalization and data centers, and 27 research and software development centers located in 49 countries.

For more information visit www.gemalto.com or follow @gemalto on Twitter.

Gemalto media contacts:

Philippe Benitez
North America
+1 512 257 3869
[email protected]

Peggy Edoire
Europe & CIS
+33 4 42 36 45 40
[email protected]

Vivian Liang
Greater China
+86 1059373046
[email protected]

Ernesto Haikewitsch
Latin America
+55 11 5105 9220
[email protected]

Kristel Teyras
Middle East & Africa
+33 1 55 01 57 89
[email protected]

Shintaro Suzuki
Asia Pacific
+65 6317 8266
[email protected]

Press release (PDF): http://hugin.info/159293/R/2057346/770813.pdf
LotteCard_Sticker: http://hugin.info/159293/R/2057346/770817.png

Topic: Press release summary
Sectors: Media & Marketing, Electronics, Cloud & Enterprise, CyberSecurity, IT Individual, Wireless & Mobility
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2020 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 
Gemalto NV Links

http://www.gemalto.com

http://blog.gemalto.com/

https://www.facebook.com/gemalto

https://twitter.com/gemalto

https://www.youtube.com/user/GemaltoVideos

https://www.linkedin.com/company/gemalto

Gemalto NV Releated News
Jan 16, 2018 15:00 HKT/SGT
クラウド上の機密データ保護対策で各国に大きな違い、第三者との共有に十分なセキュリティを考慮している日本企業は31%―ジェムアルト国際調査
Jan 16, 2018 14:00 HKT/SGT
金雅拓和波尼蒙研究所调研:各国对待云数据保护的态度差异较大
Jan 16, 2018 14:00 HKT/SGT
金雅拓和波尼蒙研究所調研:各國對待雲數據保護的態度差異較大
Jan 16, 2018 14:00 HKT/SGT
Gemalto 및 Ponemon Institute 연구: 클라우드에서 데이터 보호에 대한 태도에 대해 국가 간 큰 격차가 나타난다
Jan 16, 2018 14:00 HKT/SGT
Gemalto and Ponemon Institute Study: Big gaps emerge between countries on attitudes towards data protection in the cloud
More news >>
Copyright © 2020 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6653 1210 | Tokyo: +81 3 6859 8575