Bank Wallet Kakao Archives

Banks Rush to Offer Exclusive Bank Accounts for “Bank Wallet Kakao”

SEOUL, Nov. 11 (Korea Bizwire) – As KakaoTalk starts its Bank Wallet Kakao service from November 11, Korean banks are rushing to offer bank account products exclusively for the service. For the so-called “Katok Bank” service, Korean commercial banks including Woori Bank, Hana Bank and Korea Exchange Bank(KEB) rolled out the accounts exclusively for the service to [...]

[Quote] Regulations on Electronic Financial Service Market to Be Eased

“If the limitation on the amount of money received through Bank Wallet Kakao is due to the national regulation, I’ll try my best to lift it.” “It is expected that the future e-commerce industry is going to be led by non-financial companies. Therefore, the tight regulations on electronic financial transactions must be eased.” “Security programs [...]