Government sets Thursday deadline for doctors' return
Woman dies after bungee jumping in mall
Over 150 elementary schools have no 1st graders: ministry
[KH explains] Why Korea has been so quick to adopt ‘global minimum tax’
[From the Scene] 12 hours to get ER treatment -- it could get worse
Korea to lift land use restrictions near military bases
Broadcaster warned after omitting honorific for first lady
Teachers and native English instructors now required to undergo drug testing
Russia sending North Korea food in return for arms: Seoul defense chief
Yoon says 2,000 increase in med school quota non-negotiable
Seoul City’s Zero Pay app has zero impactBy Kim Young-won
Published : Jan. 1, 2020 - 16:36
As of Dec. 16, the transactions made through Zero Pay reached 69.6 billion won ($60 million), a mere 0.0076 percent of the entire transaction volume of some 910 trillion won paid via noncash payments.
The actual transaction volume of the city’s own payment solution is far short of its initial target of 8.53 trillion won.
Market analysts said the solution run by the city government lacks competitive edge as the market is brimming with a number of privately run payment solutions that give more benefits and convenience to users.
“Zero Pay had disadvantage from the beginning as it was a latecomer in the payment market,” said an industry official, adding that the inefficient app has little chance to outgun privately run payment systems like Payco, Kakao Pay and Samsung Pay.
Others cited the limited usage of Zero Pay that civil servants both at central and city governments have been nearly forced to use. The officials are required to use a certain amount of Zero Pay points, given as employee benefits.
By Kim Young-won (firstname.lastname@example.org)
Deadline looms over trainee doctors’ walkout
S. Korea, US vow stern measures on NK-Russia arms deal
Legality issues linger as nurses fill treatment void Tuesday