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The logistics of funding North Korean e-wallets
Smartphone-based e-payment systems appear to be growing quickly in Pyongyang. There are several competing platforms and recent accounts from visitors to the capital suggest the QR code-based platforms are widely used and accepted, from department stores down to street vendors. Information about the spread of e-payment platforms outside of the capital is much more limited, but data obtained by NK TechLab indicates a…
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A Nascent Fintech Industry Appears in Pyongyang
A nascent fintech sector is emerging in Pyongyang, with competing e-wallet apps enabling cashless payments, currency exchange, and ticket purchases via smartphone.
