T-money is the new type of transportation card. The "T"
in T-Money stands for "top, touch, total,
travel, and technology" making it much more than just a
transportation card. It is a smart card
an IC chip installed for improved for security with domestic
standards and international security
algorithms.
The Inicis T-money electronic payment service launched in
2004 as an electronic purse for public
transportation, is the most successful and mature implementation
of smart cards used for mass transit
payment. Inicis has made it possible for its acceptance and
popularity to grow to nearby retailers and
many areas of business.
Business Areas include:
Public Bus, Subway Systems, Taxi Fares and other Public Transportation
Public Parking and Toll Gates
Theme Parks, Museum, Cinema Theatre, other Cultural Centers
Vending Machines, Convenient Stores, PC Cafe, Fast Food Chains,
other Retail Outlets
Online Micro-payment
Inicis is a major partner with T-money providing payment
gateway service which enables easy and
simple ways to handle all electronic payment transaction dealing
with T-money.
T-Money Types
Regular Transportation Card - Users can get various privileges
such as recharging with accumulated
mileage after registering personal information through online.
Discount Card for Teenage - These cards can be purchased at
Seoul subway ticket windows and
purchasers must show a valid ID to prove their age.
Credit Card - T-Money services come with some credit cards.
They can be used without pre-charging
the cards. The expenses for using public transportation will
be charged to the holder's credit card
statement, just like purchases.
Mobile Phone T-Money - services come with some mobile phones.
Partner Cards - Through partnerships with various service
companies, T-Money functions
(transportation card function) can be used with other services
provided by partners.
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