The 'e-Smart-MYbi' cards were launched by the Busan authorities, in conjunction with the local transit agency. More than 5 million smart cards will eventually be issued to citizens, which is rather a lot for a city with a population of 3.65 million. The cards were developed following an agreement between the city government, Mybi Company, an e-currency infrastructure provider for public transport and micro payments in South Korea, and smart card provider e-Smart Technologies.
The cards are multi-application e-currency biometric smart cards that can be used as e-government ID cards and as payment cards for mass transportation, as well as for banking transactions, point of sale transactions, internet activity and other financial dealings.
"The e-Smart-MYbi system will provide an unparalleled system of privacy, convenience, safety and security - security that is critically important today with the rise in identity theft, financial fraud and terrorist attacks," said Mary Grace, CEO of e-Smart.
Quelle: Public Sector Technology & Management, 25.07.2005
