South Korea-based credit card network LotteCard has selected Gemalto’s Optelio contactless stickers that will enable users to make payment at 35,000 stores in the country.
Designed to stick to the surface of any mobile phone, the tiny-sized sticker is one-third the dimension of a standard banking card. It can be used to pay for bus, subway, or taxi rides by just tapping the phone on the readers.
Additionally, the sticker also doubles as a credit card for online shopping and can be applied directly from LotteCard's website, or through Lotte Group's department stores.
Equipped with an antenna and an advanced shielding technology, the sticker offers the best performance and reduces the interferences common in latest smartphones.
The new contactless has been certified by international payment associations, and is part of Gemalto's comprehensive range of wearable products.
Lotte team leader of smart business team Kim Byung-jun said: “Featuring five fashionable designs, the Lotte Sticker is a fun and convenient alternative for users to commute and pay for their daily expenses. Market response has been overwhelming with close to 300,000 cards issued since the initial launch in April."
Gemalto president for Greater China and Korea Suzanne Tong-Li said: “LotteCard is committed to innovation, and the sticker card has proven to be an effective way for the company to quickly introduce mobile contactless payment to its users.”