Posts About Apple Pay Integration Uploaded on Website and Social Media
"Further Details to Be Announced Later"
Apple Pay is expected to become available for public transportation rides in Korea two years after its domestic launch.
On June 16, Tmoney posted on its official website and social media channels, stating, "Tmoney is coming to iPhone and Apple Watch."
Apple Pay will be available for public transportation rides in Korea two years after its domestic launch. Official Tmoney Instagram.
A Tmoney representative confirmed, "It is true that Apple Pay will be able to link with Tmoney." However, Tmoney added that more detailed information would be announced at a later date.
Since its domestic launch in March 2023, Apple Pay has mainly been supported at convenience stores and large franchise locations. The lack of features that highlight the unique advantages of smartphone-based payment services, such as transit card functionality, has been a barrier to expanding its presence in the Korean market.
The delay in introducing Apple Pay's transit card function has been attributed to several factors. These include the burden on transit card operators to replace their terminals with the 'EMV Contactless' standard adopted by Apple, as well as issues related to paying fees to Apple.
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