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.
The customer journey:
Pagsmile offers the following with our Kakao Pay integration:
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.
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.
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.
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.
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.