The IRMA Community
Newsletters
Research IRM
Click a keyword to search titles using our InfoSci-OnDemand powered search:
|
Mobile Payment Issues and Policy Implications: The Case of Korea
|
|
Author(s): Y. Kwon (Information and Communications University, Republic of Korea)
Copyright: 2007
Pages: 14
Source title:
Strategies and Policies in Digital Convergence
Source Author(s)/Editor(s): Sangin Park (Seoul National University, Korea)
DOI: 10.4018/978-1-59904-156-8.ch006
Purchase
|
Abstract
This chapter introduces three mobile payment plans that have been launched in Korea: mobile banking service, mobile prepaid electronic cash service and mobile phone bill service. Based on the recent experiences of the Korean economy, this chapter discusses the regulatory and monetary policy issues associated with mobile payments. Mobile payments are superior to existing means of payments because of their efficiency and convenience and mobile network operators (MNOs) are on the verge of turning into non-bank financial institutions in their nature. The government needs to facilitate the crossbreed between banks and MNOs to accelerate the development of efficient payment instruments rather than hindering innovation in banking industry.
Related Content
|
Raquel Sánchez Ruiz, Isabel López Cirugeda.
© 2024.
22 pages.
|
|
Rocío Luque-González, Inmaculada Marín-López, Mercedes Gómez-López.
© 2024.
22 pages.
|
|
Bima Sapkota, Xuwei Luo, Muna Sapkota, Murat Akarsu, Emmanuel Deogratias, Daphne Fauber, Rose Mbewe, Fidelis Mumba, Ram Krishna Panthi, Jill Newton, JoAnn Phillion.
© 2024.
34 pages.
|
|
Karen Collett, Alina Slapac, Sarah A. Coppersmith, Jingxin Cheng.
© 2024.
29 pages.
|
|
Maria Ines Marino, Stephanie Tadal, Nurhayat Bilge.
© 2024.
25 pages.
|
|
Jaqueline Naidoo, Noah Borrero.
© 2024.
19 pages.
|
|
Crystal Machado, Tami Seifert.
© 2024.
20 pages.
|
|
|