Consumers needing their coffee fixes in South Korea can use their Visa-branded contactless devices to pay for their purchases, Visa Inc. says in a statement. The card company says it has teamed with coffee chain Starbucks to enable Korean consumers to pay for their purchases with cards or mobile phones that carry Visa's payWave contactless application. Consumers can make contactless purchases of up to 30,000 won (US$29 or 19 euros), the statement says. Twelve major financial institutions in South Korea issue cards with payWave, Visa says. Those institutions include Shinhan, Samsung, Hyundai, BC and Lotte. Such merchants as Homeplus, 7-Eleven, Lotte World, Red Mango and Kyobo Books already accept contactless payments.
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