Tag: south korea

LG Uplus to launch a new mobile payments service in Asia

Telecom prepares to launch a new mobile commerce service that will head to China before breaking into other markets

LG Uplus, a telecommunications company based in South Korea, has announced that it will begin offering a new mobile payments service in foreign markets. The first market tor receive access to the new service is China, where mobile commerce adoption is accelerating. Demand for new services is on the rise throughout Asia, powered by the growing adoptions of smartphones and tablets. New devices are coming to the market pre-equipped with mobile shopping and payment applications, further exposing people to the concept of mobile commerce.

Paynow service aims to provide consumers with more convenience in their mobile shopping

The Paynow Plus service is being upgraded in order to make it more capable of handling the needs of mobile consumers. The service is equipped with personal authentication options, allowing users to keep their financial information secure. It is one of the first mobile payments services to successfully pass South Korea’s Financial Services Commission review, meaning that the service complies with the financial and security regulations that the country has in place.

Simplicity often determines the success of mobile commerce services

Mobile Payments Service launched in AsiaConsumers are not only interested in mobile commerce services in general. They want to use services that are simple and convenient. Platforms that have proven difficult for consumers to operate have failed to find success in the mobile commerce space. Those that have set convenience and simplicity as a priority have managed to attract strong support from mobile consumers.

Paynow may be able to compete with well established platforms in China

China is one of the most active markets in the mobile space. The country is filled with mobile payments services, all of which are competing with one another for the attention of consumers. Companies like Alibaba and Tencent have established a strong presence in this sector, which may make it difficult for the Paynow service to find traction with new consumers. Despite this, LG Uplus believes that the service will be welcomed to those seeking alternatives to the mobile commerce solutions that already exist.

SK Planet aims to bring about a mobile commerce revolution

SK Planet launches new mobile oriented service

SK Planet, the e-commerce arm of the SK Group, has announced plans to change the dynamics of the mobile commerce market. The company has launched a new “smart shopping” service called Syrup that is designed to leverage SK Planet’s big data to provide specialized services to mobile consumers. The service is meant to integrate the company’s existing services in order to make itself as widely available as possible and achieve its goals of become a powerful new mobile commerce platform.

Syrup to make use of SK Planet’s three leading services for consumers

Syrup is meant to integrate SK Platent’s OK Cashbang service, a cash reward and discount network; Gifticon, a couponing service; and Smart Wallet, the company’s mobile wallet platform. By combining these  services, SK Planet believes that Syrup will have a broader appeal and be more useful to mobile consumers in South Korea. The service is designed to be customized by those using it, however, which means that people will ultimately decide how Syrup works for them and whether or not they want to use the service’s auxiliary features.

Virtual zones will help consumers find stores and products that they may be interested in

Mobile Commerce - Mobile ShoppingOne of the defining features of Syrup will be its used of defined virtual zones. There are more than 200 of these zones set up in business districts throughout South Korea. When a person enters these zones, they can receive shopping information on their smartphones and tablets. This is meant to help people find stores that offer products and deals that they are interested in as well as stores that have mobile-centric services.

Mobile commerce continues to see impressive growth throughout Asia

Mobile commerce is growing rapidly throughout Asia. More consumers are using their smartphones and tablets to shop online than ever before. These consumers enjoy the convenience of their mobile shopping experiences and are becoming more willing to spend money through their mobile devices than engage in traditional forms of commerce. SK Planet is keen to take advantage of this trend and establish itself as a leading force in the emerging mobile commerce field