JCB and Tmoney, South Korea’s transport payment service, have signed an MOU expressing their basic agreement to pursue the introduction of credit card transit payments on public transportation. The companies are expected to advance work on specific implementation plans and technical considerations.
JCB, the only international card brand operator originating in Japan, and Tmoney, South Korea’s transport payment service, have signed an MOU aimed at introducing credit card transit payments on public transportation. The initial agreement is said to include establishing a framework for cooperation between the two companies.
The initiative is intended to examine the introduction of transit fare payments using credit cards. Future announcements are expected to clarify the specific implementation timeline and any expansion of the public transportation services covered.