BC Card, a South Korea-based payment processing company, is reportedly planning to launch a new mobile-only credit card that eliminates the use of real plastic card.

As part of the launch, BC Card has performed a series of pre-launch tests for the new product over a period of four days, which turned out successful, reported The Korea Bizwire.

The tests confirmed that the new card had no problems in terms of subscription, registration, issue, payment, payment and membership cancelation.

The company is set to introduce several types of mobile credit cards by using USIM, eSE (embedded SE), HCE (Host Card Emulation) and NFC (Near field communication) technology.

The new mobile-only credit card will be accepted at large retailers, department stores, convenience stores and gas stations.

A BC Card official said that the new product has been designed to save costs related with issuing plastic cards, and invest more money to provide benefits for its customers.