The best Samsung deals! Galaxy Book 4 series, Watch 6, S24 Ultra or Z Flip 5! - Join SamMobile on Telegram!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Galaxy A Quantum gets new banking app that uses quantum security chip

    Phone
    By 

    Last updated: August 21st, 2020 at 06:23 UTC+02:00

    The Galaxy A Quantum was launched in South Korea three months ago as an SK Telecom exclusive device. It is a variant of the Galaxy A71 5G with an added quantum security chipset for added security layer. Now, the carrier has announced that the phone's 5G quantum cryptography technology is currently being used in a new banking app.

    The IM Bank app, which has been developed by DGB Daegu Bank, uses the Galaxy A Quantum's QRNG (Quantum Random Number Generator) security chip for an added layer of security. It is the world's first banking service to use a quantum-powered service on a smartphone, and it makes mobile transactions even more secure. The user's personal information will be protected while making transactions through the IM Bank app using OTPs (one-time passwords) or when they open new accounts via identity verification.

    The SKT IDQ S2Q00 is a quantum random number generator chip that has been co-developed by Switzerland-based ID Quantique and SK Telecom. It uses an LED and a CMOS sensor to create truly unpredictable random numbers. Based on those random numbers, the IM Bank app's OTPs and identity verification information is encrypted. DGB Daegu Bank's other services are being explored for the use of the QRNG chip.

    Han Myung-jin, Vice President and Head of MNO Marketing Group of SK Telecom, said, “Released in May 2020, the Galaxy A Quantum, the world's first smartphone equipped with quantum random number generator, has been drawing global attention. Going forward, we will continue to build a safer and more secure society by applying our world's best quantum cryptography technologies to other areas, including finance and Internet of Things.”

    Samsung Galaxy A Quantum IM Bank App QRNG Chip

    Phone Galaxy A QuantumGalaxy A71 5GSK TelecomSouth Korea

    You might also like

    Samsung may be looking to launch a super app for mobile banking

    Samsung may be looking to launch a super app for mobile banking

    The concept of super apps has been around for a while. The idea is fairly simple, provide users with much of what they want within one single app. China's WeChat is the epitome of a super app. This idea has been executed in different segments and has the most potential for mobile banking. Perhaps that's […]

    • By Adnan Farooqui
    • 21 hours ago
    Galaxy S24 gets April 2024 update with camera improvements

    Galaxy S24 gets April 2024 update with camera improvements

    Samsung has started rolling out the April 2024 security update to the Galaxy S24 series. The update is currently rolling out in South Korea and could be released in other countries within a matter of days. It is surprising to see the April 2024 update arrive even before March has ended. April 2024 security update […]

    • By Asif Iqbal Shaik
    • 21 hours ago
    Samsung Wallet gets driver’s license integration in Korea

    Samsung Wallet gets driver’s license integration in Korea

    Samsung Wallet is getting the Mobile Driver's License and Mobile National Veterans Registration Card integration feature in South Korea. Samsung and the Ministry of Public Administration and Security launched this feature in South Korea earlier today. South Korea's Ministry of Public Administration and Security has announced that displaying one's driver's license and national veterans registration […]

    • By Asif Iqbal Shaik
    • 7 days ago
    Samsung launches 10,000mAh and 20,000mAh PD power banks in Korea

    Samsung launches 10,000mAh and 20,000mAh PD power banks in Korea

    Samsung has launched two new power banks in South Korea. The PD Wireless Charging Battery Pack 10,000mAh and the PD Charging Battery Pack 20,000mAh are now available in Samsung's home country. Both new power banks are made using recycled materials in their exterior design. PD Wireless Charging Battery Pack 10,000mAh and PD Charging Battery Pack […]

    • By Asif Iqbal Shaik
    • 1 week ago
    Galaxy A33 gets more secure with March 2024 update

    Galaxy A33 gets more secure with March 2024 update

    Samsung has released the March 2024 security update to the Galaxy A33 in South Korea. The new security update could be released to Galaxy A33 units in other countries soon. Several other Galaxy A, Galaxy S, and Galaxy Z series smartphones have already received the March 2024 security update over the past couple of weeks. […]

    • By Asif Iqbal Shaik
    • 1 week ago
    Samsung launches Galaxy A15 in one more country

    Samsung launches Galaxy A15 in one more country

    Samsung has launched the non-5G version of the Galaxy A15 in South Korea. A few months ago, the company launched the Galaxy A15 5G and the Galaxy A25 5G in several countries worldwide. Galaxy A15 pricing and availability in South Korea The Galaxy A15 is priced at KRW 319,000 ($240) in South Korea. The phone […]

    • By Asif Iqbal Shaik
    • 1 week ago