Mobile banking is about to be redesigned over in Korea. The sub-committee on Financial Digitization of the Bank of Korea has decided to use the Universal Subscriber Identity Modules or USIMs at CD and ATM networks across the country. The service might be available this November although there aren’t clear instructions on how it will work.

USIMs inserted in mobile phones will let users download the service program. Mobile transactions will be subsequently done by placing the handsets close to sensors in CD and ATMs. That means that a thief will probably take your phone too along with all the money. And speaking of thieves, be careful with your phone. Don’t misplace it as it will contain vital information.

Related posts:

1. LG Viewty Mobile Phone for Korea Another beauty from LG comes out in the open. The...
2. Orange LG-KH1800 Launches in Korea LG Electronics has launched a super slim LG-KH180 mobile phone...
3. Verizon Announced Mobile Banking for BlackBerry Owners If you are the proud owner of one of the...
4. SanDisk Announces 12GB microSDHC Card – World’s Largest Capacity Card for Mobile Phones After a successful stint with its 8GB microSDHC cards, SanDisk...
5. LG PassOn Service Help Drivers Pay Tolls with Mobile Phones Telecoms Korea reports that LG Telecom has launched a service...