1. Electronic money coming to Korea
- Subjects
MasterCard International Inc. -- Services -- 00227560 ,Mondex -- Services ,Electronic funds transfer systems -- Management ,Credit and debit card industry -- Services ,Business ,Business, international - Abstract
MasterCard Korea has announced its plans to introduce the Mondex global electronic money system in the country by early 1998. Mondex International of London developed the system as an alternative to using cash or coins and other credit devices. The system is actually a combination of a credit card, cash card, royalty card, and ID card in one, which will ease the burden of consumers of carrying various identification and cards.
- Published
- 1997