KakaoTalk users will be able to easily send and receive money through the mobile messenger without having to download other applications. Users will be to take advantage ofthe service after registering their bank accounts. (image: Kobizmedia/Korea Bizwire)
SEOUL, April 20 (Korea Bizwire) – KakaoTalk, the leading South Korean messenger application, will launcha new mobile money transfer service by the end of the month.
Kakao, the operator of the app, previously launched a remittance service that required the use of additional applications. However, the new service will be added directly to the messenger platform, which has a huge user base of approximately 40 million.
KakaoTalk users will be able to easily send and receive money through the mobile messenger without having to download other applications. Users will be to take advantage ofthe service after registering their bank accounts.
It is expected that the new service will gain much more attention than the previous one thanks to Kakao’s popularity and user loyalty.
The service is expected to be offered by major local banks including Shinhan and Standard Chartered First Bank Korea.The banks partnered with Kakao will not charge money transfer fees for KakaoTalk users.
KakaoTalk, the leading South Korean messenger application, will launch a new mobile money transfer service by the end of the month.
By Kevin Lee (kevinlee@koreabizwire.com)
