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T-Money cards popular in Korea and beyond

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공표년도

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2014-09-12

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요약정보

A tough commute in Southeast Asia.
This is just one the Korea Smart Card Corporation's recent ventures into the global market.
The company's pre-paid transportation card‚ the 'T-Money' card‚ which launched 10 years ago‚ is already a staple for millions of commuters in Korea.
"When I used to pay for my fees with cash‚ it was inconvenient. But not anymore‚ since I use the T-Money card. All I have to do is charge it."
(Stand-up)
"The most convenient part of the T-Money Card is its integration system.
Whether you're traveling by subway‚ bus‚ or taxi… this one card can get you where you want to go."
And it's also selling overseas.
Korea Smart Card told Arirang News that 'T-Money America' was established in New York last month‚ to expand its service in the U.S.
The company's first service abroad‚ in Wellington‚ New Zealand has been running since 2008.
"When cards are held against the T-Money card reader there‚ the settlement data is sent to Korea and those results are transferred back to New Zealand. That's remote management service through cutting-edge technology."
Since it uses NFC technology‚ a short-range wireless technology‚ the business opportunities expand beyond the scope of transportation.
It makes micropayments at more than 50-thousand businesses possible‚ including convenience stores and vending machines.
Korea Smart Card says it's hoping to eventually become the world's number one smart mobility and payment service provider and is already in talks to expand its service in another location by the end of this year.
Kwon Soa‚ Arirang News. Reporter : soa@arirang.co.kr

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https://www.kf.or.kr

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