Page last updated at 11:48 GMT, Friday, 13 February 2009

S Korea ready to hang up on cash

Advertisement

South Korea is already a few steps ahead in the drive for a cashless society.

In one of the most technologically advanced countries on the planet, the e-commerce market is said to be worth around $500bn a year. Online banking, credit cards and travel cards are already in widespread use.

But the government believes the mobile phone is the key to the future - a payment system that could finally lead to the long-heralded demise of notes and coins.

John Sudworth reports from Seoul.

SEE ALSO

Story Tools

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific