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KakaoPay
KakaoPay is a digital payment gateway popular in South Korea, allowing users to make seamless online payments using their smartphones. With its integration into KakaoTalk, the most widely used messaging app in South Korea, KakaoPay has quickly gained traction as a convenient and reliable payment method for millions of users.
Primarily used within South Korea, KakaoPay allows merchants to accept payments from local consumers, enhancing the purchasing experience for both domestic and international merchants targeting Korean consumers. The service supports payments through linked bank accounts, credit cards, and stored digital balances, offering flexibility and ease of use.
In addition to local use, KakaoPay caters to South Korean nationals residing overseas, allowing them to make purchases from Korean e-commerce platforms easily. By supporting payments across borders, KakaoPay ensures that expatriates and travelers can continue to utilize the platform even when abroad. This functionality makes KakaoPay a versatile payment solution for both local and international e-commerce, helping businesses reach the extensive Korean consumer base worldwide.
KakaoPay
Features
Payment type | Wallet |
---|---|
Merchant locations |
Asia East South Korea |
Currencies |
Settlement currency : KRW Processing Currency : KRW |
Other |
Refunds : ✔️ Recurring : ✔️ |