The 'CLiP CARD' is the name of the newest smart card from KT that's been dubbed "the mother of all credit cards."
The card is the same shape and size as a regular credit card, yet boasts a small display with which users may register additional cards with barcodes. CLiP CARD cardholders are able to load up to 10 credit cards, 10 membership cards, as well as one paid transportation card to the device, helping to clear up a significant amount of space in one's wallet.
Unlike regular credit cards, this one is powered by an embedded lithium-ion battery, which means that it must be charged periodically like any other mobile device. CLiP CARD creator KT describes that the multifunctional credit card device was developed to acknowledge that "most people still prefer carrying physical cards with them in the offline world."
Multipurpose Credit Cards
KT's CLiP CARD Stores Credit, Membership and Transportation Cards
Trend Themes
1. Multipurpose Credit Cards - The creation of CLiP CARD sets a new trend of combining multiple kinds of cards into a single device.
2. Smart Card Technology - The use of smart card technology opens up new opportunities for combining different functions and services in one easy-to-use device.
3. Battery-powered Credit Cards - The trend of using embedded lithium-ion batteries to power credit cards presents an opportunity to integrate new features and technologies into existing payment systems.
Industry Implications
1. Financial Services - The financial services industry can benefit from using smart card technology to create new products and services that simplify payment and identity verification processes.
2. Retail - Retailers can leverage the trend of multipurpose credit cards to offer shoppers a more convenient checkout experience and to gather valuable customer data.
3. Transportation - The use of smart cards in transportation provides an opportunity to streamline fare collection and improve the customer experience by offering additional services such as transit information and loyalty programs.