South Korea is on the cusp of a major shift in the way people make transactions, with Toss, one of the country's leading fintech startups, unveiling ambitious plans to eradicate physical credit cards within the next three years. As part of its vision for a cashless society, Toss aims to encourage consumers to ditch their plastic cards and switch to digital alternatives, such as mobile wallets and online payment systems. The move is expected to have far-reaching implications for the country's financial sector, with experts predicting a significant reduction in credit card debt and a boost to financial inclusion. With South Korea already leading the way in fintech adoption, Toss's bold initiative is set to further accelerate the country's transition to a digital economy.
Toss aims to ‘eliminate physical credit cards’ in South Korea in three years
