South Korea’s top mobile messenger service provider, has launched “Kakao Pay” which, according to the company, will allow registered users to simply type in their passwords to make payments for a wide variety of services.
Kakao Pay will have the additional benefit of helping foreign shoppers avoid the inconvenience of making direct purchases due to the Korea’s cumbersome security systems including the country’s over-reliance on Internet Explorer’s Activex and the inability of many websites to be accessed on non-Windows computers.
The news service is in partnership with Korean IT solutions provider LG CNS Co., and is currently only available for Android. The company said it will be available for users of Apple iOS in November.
Kakao Pay will allow users to register up to 20 credit or debit cards with the service. Already several large Korean credit card issuers such as BC Card Co., Hyundai Card Co. and Lotte Card Co. have made their cards available to the Kakao Pay system.
Kakao Pay will initially offer the option to purchase gift cards before gradually extending the payment system to supermarkets, retail stores and food delivery services in the future.
You can visit Kakao at www.kakao.com
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