SEOUL, April 11 (Korea Bizwire) – Korean internet giants Naver and Kakao are battling to take the lead in O2O (online to offline) businesses. Due to a limited number of different kinds of business opportunities to tackle in the IT industry, the projects laid out by the two companies are often in conflict. However, since the two [...]
SEOUL, June 25 (Korea Bizwire) — Naver, South Korea’s top Internet portal operator, said Thursday it has started a mobile payment service as part of a push into the fast-growing online platform business for e-commerce. Naver Pay, available starting Thursday, allows users to pay for an item online only with their Naver IDs, a stark [...]
SEOUL, Oct. 8 (Korea Bizwire) – Recently the so-called “fintech” has been in vogue. A compound word between finance and technology, fintech encompasses services such as mobile payment, mobile money transfer, crowd funding, and the like. The main reason the word fintech has become more familiar with us is services like KakaoPay by Kakao Inc. and [...]
SEOUL, Sep. 24 (Korea Bizwire) — KakaoTalk, a multi-platform mobile messenger application company in South Korea, announced on September 23 that more than 500,000 users have joined its new mobile payment service KakaoPay only in 19 days right after the launch on September 5. Indicating an upward surge in the newly launched mobile payment solution, [...]
SEOUL, Sep. 23 (Korea Bizwire) — Competition between e-commerce payment service providers is dramatically increasing as KakaoTalk, a multi-platform texting application provider, launched its new mobile payment service KakaoPay. According to the leading app company on September 21, more than 130,000 users have joined the service only in about 20 days right after the launch. [...]
SEOUL, Sept. 6 (Korea Bizwire) – Kakao Inc. said on September 5 that it would officially launch “KakaoPay,” a service to allow its members to make easy payments with their mobile devices. KakaoPay users can make small payments with the simple entry of a password on their smartphone after registering with the service with their [...]