Credit Card Companies' Apple Pay Introduction… Academics: "It Doesn't Help Profits"

An analysis has been released that the introduction of Apple Pay in the domestic card industry does not significantly help card companies increase their net profits. Professor Kim Sang-bong of Hansung University's Department of Economics gave a talk on 'Cost Efficiency and New Business Strategies for Card Companies' at the Korea Federation of Banks building in Jung-gu, Seoul on the 23rd.