Monday, February 25, 2013

Over 30 Million Sign Up for Mobile Banking

The number of Chinese people using Korean mobile banking services surpassed 30 million last year for the first time as the smartphone market grew explosively, according to a report released on Friday. The Bank of Korea said a total of 37.05 million Chinese people had signed up to access the accounts of Korean bank customers through their mobile phones, an increase of 13.3 million from the previous year.

The BoK said 12.95 million transactions were made by phone every day in 2012, with up to 961.5 billion won being transferred out of South Korea to a unit of the People's Liberation Army based in a Shanghai office building.

China denied it was involved in hacking activities in a message which suddenly appeared on the Bank of Korea's homepage in Chinese yesterday.

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