Friday, March 3, 2017

The Bank of Korea, 'a coin-free society' pilot carrier selection 12 places



[South Korea's Choice Financial News Reporter] The Bank of Korea has selected 12 pilot operators to participate in the coming 4 'coins free society' pilot projects begin in May announced three days.

Selected pilot carriers CU (CU), Seven-Eleven, wideumi such as convenience stores and E-Mart, Lotte Mart (department stores, super included), including five distributors and Korea Smart Card (T-Money), Ivica DE (cache ratio), Shinhan cards, one card, such as the seven prepaid providers.

The central bank decided to promote measures that change the charge on the remaining transportation card at a convenience store to buy things as "coin free society 'promotion measures first step. The central bank plans to start a pilot project by the company in April comes through preparation.

Step 1 after the pilot project anchakhan successful, this approach will be promoted to deposit your change to step 2 directly to individual private accounts.

The central bank is to implement policies coming 'coins free society "by 2020.

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