'Identity Verification and Payment Now Possible at Airport Duty-Free Shops'... Financial Services Commission Designates Innovative Financial Services

KB Capital, Lotte Card, and Fink Introduce
Innovative Financial Services for
Remote Used Car Transactions and
Biometric Payments at Airports

In the future, it will be possible to use pre-registered biometric information at locations such as Incheon Airport for identity verification and easy payment when shopping at duty-free stores. Additionally, services that allow users to complete the entire process of used car purchase consultation and contract signing remotely are also expected to become available.

On July 23, the Financial Services Commission announced at a regular meeting that it had newly designated three innovative financial services.

First, KB Capital's "Non-face-to-face Integrated Used Car Service via Platform" is a service that enables the entire process from vehicle purchase consultation to integrated financial consultation and contract signing to be completed in one go. This service is expected to improve accessibility for financial consumers and provide small and medium-sized used car dealers with opportunities to secure sales channels.

The "Integrated Identity Verification and Easy Payment Solution Using Biometric Information at Airports" by Lotte Card and Ivyberry is a service that utilizes biometric information already registered with airport authorities for the purchase of goods and services at internal duty-free stores and other facilities. This will allow airport users to complete both identity verification for duty-free shopping and financial payment authentication at once, making financial transactions significantly more convenient.

Lastly, Fink's "Online Investment-linked Financial Product Comparison Service via Online Platform" is a service that allows users to easily compare information on multiple products through a single platform. This is expected to expand consumer choice and stimulate competition among financial companies, leading to a virtuous cycle of increased product diversity and other positive effects.

This content was produced with the assistance of AI translation services.