The municipal government of South Korean capital Seoul has formed a task force to develop and build the city's own mobile payment platform, provisionally dubbed S-Pay. The task force will collaborate with partner firms and banks on the platform, which is aimed at improving convenience for customers. The move is part of a broader push by Seoul mayor kegssoon to reduce the pressures on small businesses by achieving a 0% commission rate.
The municipal government of South Korean capital Seoul has formed a task force to develop and build the city's own mobile payment platform, provisionally dubbed S-Pay. The task force will collaborate with partner firms and banks on the platform, which is aimed at improving convenience for customers. The move is part of a broader push by Seoul mayor Park Won-soon to reduce the pressures on small businesses by achieving a 0% commission rate.