Kakao Pay

What Kakao Pay is

Kakao Pay is a payments and finance service with Android and iOS apps and an online payment API for merchants. Its services include payments, transfers, points, asset management, insurance, loans, and investment. Users can pay online and offline at more than 800,000 locations, using biometric authentication online and barcodes in person. Payment options include cards, Kakao Pay Money, and Kakao Pay Points, with automatic payment options. Transfers can be sent to nearby people without knowing their account number, and users can schedule or automate transfers; listed transfer features include instant speed and tracking. KakaoTalk supports receiving and paying bills and linking memberships to check benefits. The service also presents a consolidated view of financial assets and tools for financial schedules and spending management. Insurance functions include reviewing existing coverage, submitting some claims without paperwork, comparing insurers, and exploring products. Kakao Pay Securities provides investment features such as stock information, charts, funds, and recurring investment. The merchant API supports one-time and recurring payments, order lookup, and cancellation; production use requires merchant affiliation. Kakao Pay is based in Seongnam, Gyeonggi-do, South Korea.