Starting today, South Korean travelers will be able to use mobile payment services to buy goods overseas.
With the cabinet's revised ordinance taking effect from Tuesday, …people will be able to shop at partner stores in Japan by simply scanning a QR code …after pre-charging their KakaoPay or Naver Pay accounts.
This payment method allows users to avoid paying overseas transaction fees to credit card companies like Visa or Mastercard.
The finance ministry is looking to expand the services to China and Southeast Asia,... to help strengthen the competitiveness of Korea's fintech industry.