New Year Money Envelopes Go Digital with Kakao Pay

SEOUL, Feb. 3 (Korea Bizwire) — Kim Seung-hwa usually visits banks at this time of year to get crisp new bills to prepare to give Lunar New Year’s cash gifts to her relatives. This year, the 37-year-old office worker in Seoul deposited 300,000 won (US$267) in her digital wallet, Kakao Pay, so she could wire [...]