KakaoPay

Source: Wikipedia, the free encyclopedia.
Kakao Pay
Developer(s)Kakao
Initial releaseSeptember 5, 2014; 9 years ago (2014-09-05)
Operating systemAndroid
iOS
PlatformAndroid and iOS devices and WatchOS devices and Wear OS devices
LicenseProprietary
Websitewww.kakaopay.com

Kakao Pay (

QR codes.[2]

Kakao Pay is incorporated into KakaoTalk, the mobile instant messenger from Kakao.

Service

The payment service first launched on September 4, 2014 with integration with their messaging app, KakaoTalk, allowing people to request and send money to people in their contacts.[3] Since its launch, Kakao has expanded into other financial services by launching their own online bank called KakaoBank and releasing their own debit card.[4] In April 2017, KakaoPay Co., Ltd. was established to run the payment services operated by the company.

KakaoPay crossed the 10 million user mark after 20 months since its launch.

Ant Financial, the parent company of Alipay, a mobile payment service in China.[7]

References

  1. ^ TechForKorea. "Kakao Pay Launches Mobile Authentication Service, 'Kakao Pay Authentication' | Korean Startups News". www.techforkorea.com. Retrieved 2018-02-12.
  2. ^ "Kakao Pay adds offline QR code wire transfers". ZDNet. Retrieved January 24, 2018.
  3. ^ "KakaoTalk goes into the mobile payment business with KakaoPay". Tech in Asia. Retrieved January 24, 2018.
  4. ^ "Kakao Corp to launch debit cards to compete in offline payment market". The Korea Herald. Retrieved January 24, 2018.
  5. ^ "Kakao Pay tops 10 million users in South Korea". ZDNet. Retrieved January 24, 2018.
  6. ^ "KakaoPay – Reaching 10 Million Users In Mobile Payment (South Korea)". Global Payment Summit.
  7. ^ "Alibaba's Ant Financial expands to Korea with $200M investment in Kakao Pay". Tech Crunch. Retrieved January 24, 2018.

Sites That Accept KakaoPay