Toss (TOSS) Plans to Eliminate Physical Credit Cards in 3 Years
Published on · Source: ft.com
AI Summary
Summarized by AI from the source belowToss (TOSS), a Korean fintech group, has announced plans to eliminate physical credit cards in South Korea within the next three years. This initiative reflects the company's strategy to modernize payment methods and embrace digital transactions. By promoting facial recognition technology, Toss aims to enhance convenience for consumers. The implications of this shift could impact the credit card market significantly, pushing traditional card issuers to adapt or risk losing market share.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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