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Home / Market / Korean credit card firms in South Korea exit ID verification services amid dominance of telecom-led authentication
Korean credit card firms in South Korea exit ID verification services amid dominance of telecom-led authentication

Korean credit card firms in South Korea exit ID verification services amid dominance of telecom-led authentication

2025-04-27  Ian Fleming

An increasing number of credit card companies are terminating card-based identity verification services due to low utilization rate. The decline in usage is largely attributed to the dominance of authentication methods led by the three major telecommunications companies in addition to the expansion of private certification systems.


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