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What is Kakao Pay
Reach 20 million monthly users in Korea
Kakao Pay is the financial technology arm of Kakao, offering peer-to-peer transactions, over-counter payments, bill payment, web banking and it will start offering financial services such as loans and financing.
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How Kakao Pay works
Experiencia cliente:
Selecciona la billetera digital en la página de pago
Se genera un código QR
Ir a la aplicación
El pago se confirma al instante
Accept Kakao Pay with Pagsmile
Pagsmile offers the following with our Kakao Pay integration:
Market
Korea
Channel
Ecommerce
Processing currencies
KRW
Settlement currencies
USD
Refunds
Yes
Partial refunds
Yes
Multiple partial refunds
Yes
Recurring transactions
Yes
Payouts
No
Chargebacks
No
Gain your Korean customers’ trust and increase your sales
Backed by Ant Financial, Kakao Pay already has a market capitalization of US$21.2 billion, having recently raised $1.3 billion from a share sale.
Within Kakao Talk, South Korea’s most downloaded app in the Apple and Google Play store, KakaoPay lets users safely make cashless payments, online or in-store. Offering users the option to manage investments and cross border P2P mobile remittance in-app.
Offer Kakao Pay in Korea through a local partner
By integrating with Pagsmile you get access to a localized solution that covers all the bases to sell in Korea, offer Kakao Pay and other popular payment methods, get a direct connection with local payment players, market expertise, and regionalized fraud prevention.
Benefits
Reach more consumers
Get access to connected users in Korea that prefer to pay with their digital wallet accounts. A fast-growing base of millions of consumers is already using Kakao Pay and could be potential customers of your products.
More security and convenience
All customer data is input in the digital wallet before starting to pay for their purchase, creating an extra layer of security in the authentication process, which is reflected in a great performance to the merchant.
Real-time confirmation
The merchant is notified as soon as the payment is completed in the digital wallet environment, and the customers don’t have to wait to receive confirmation of its purchase.
Onboarding
Cómo empezar
Tenemos un proceso de incorporación fácil y claro que hará que su negocio tenga éxito.
1
Haga clic en 'comenzar'
y rellene un breve formulario. Uno de nuestros expertos en pagos se pondrá en contacto para comprender más sobre su negocio.
2
Prepárate
en nuestro entorno de prueba para que puedas conocer nuestra infraestructura
3
Crear una cuenta
firmando un único contrato y superando nuestras pruebas KYC y AML
4
Onboard
a nuestra plataforma. Luego podrá activar a sus comerciantes utilizando nuestro portal fácil de usar o a través de API
5
Empezar a convertir
a través de las fronteras y localmente con sus métodos de pago impulsados por Pagsmile
6
