Most Popular
-
1
Host of Miss Korea apologizes for 'inappropriate question' about deepfake
-
2
Who's lying? Hybe vs. Min conflict continues to intensify
-
3
Seoul should engage Kim Jong-un’s elites for change, ex-North Korean diplomat says
-
4
'Shaman says president will die,' caller warns
-
5
Boy's emergency medical treatment delayed 2 hours due to staff shortage
-
6
Most teen sex offenders get away with slap on wrist
-
7
Ex-Trump official calls for S. Korea to raise defense spending to 3 or 3.5% of GDP
-
8
Man sentenced to 1 year, 8 months for stealing from elementary school classrooms
-
9
Same-sex couple denied insurance clearance despite landmark ruling
-
10
SK On offers voluntary retirement amid losses
Korea's retail conglomerate Lotte Group is ratcheting up efforts to promote its own mobile payment platform, L Pay, industry watchers said Wednesday, as such services gained popularity over previous months amid the rising number of smartphone users.
Lotte Group chairman Shin Dong-bin was recently quoted as saying by corporate officials that L Pay is an "important asset" for the business group, adding that Lotte should expand the scope and quality of the services provided by the L Pay platform.
Shin also highlighted the importance of expanding business partnerships to garner a larger slice of users in the market.
The business group has been making efforts to establish "omnichannel" solutions, which refer to bringing together online and offline shopping platforms.
L Pay is significant as it allows users to manage their mileage at shops and restaurants operated by Lotte Group, including Lotte Cinema, 7-Eleven and Lotte Department Store.
The service has been forging ties with eight Korean credit card firms and is also in talks with Samsung Electronics to have L Pay applied to Samsung Pay. (Yonhap)
