Toss, Silicon Valley-funded Korean upstart

Mobile-Phones1

Inconvenience was what first got Lee Seung-gun, the head of FinTech startup Viva Republica, and his four colleagues to think about creating a mobile transaction app that will somehow mitigate “everybody’s pain in their neck.”

It takes a great deal of patience when it comes to online banking in South Korea. At least a few downloads of security programs is only a start, with typing in the recipient’s account details and verifying the sender’s ID via a password-based authentication certificate to usually follow.

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