Korean Banks to Launch Free All-In Mobile Service

Korean retail banks will offer a mobile phone banking service that allows customers to send money if they know the recipient's cell phone number without the need for a mobile banking chip, reveals Digital Chosunibo.

With the so-called website , customers can check their accounts, remit money, apply for the purchase of an apartment and pay bills on their cell phones without buying a handset with mobile banking chip.

It also notifies subscribers of outstanding insurance premiums, communication charges and fines by text message and lets them pay by using the SMS call-back function.

The service is free, but users pay Internet and call charges. Some banks charge for the remittance service.

Regine | 6:40 AM | SMS and Banking |
The Permanent Link to this page is: http://www.textually.org/textually/archives/2005/07/008991.htm

Tweet