PayPay Now Usable at KakaoPay Locations in Korea,
(Provided by KakaoPay),
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, “(Seoul=News1) Reporter Shin Eun-bin = KakaoPay (377300) is integrating Japan’s leading mobile payment, ‘PayPay’, into its domestic payment services. Now, Japanese tourists visiting Korea will be able to use PayPay at KakaoPay locations.”,
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, “On the 25th, KakaoPay announced that it has started offering PayPay’s offline payment services in Korea in collaboration with Alipay+ and PayPay. This marks PayPay’s first venture outside of Japan.”,
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, “KakaoPay supports both ‘outbound’ payments, which allow transactions overseas using KakaoPay, and ‘inbound’ payments, enabling foreign tourists to use their home country’s mobile payments at KakaoPay locations in Korea. Thanks to a strategic partnership with global e-wallet solution Alipay+, KakaoPay is the only Korean fintech firm offering both payment services.”,
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, “As a result, not only can Korean users pay with KakaoPay via PayPay’s network in Japan, but Japanese tourists can now also use the KakaoPay network for PayPay transactions in Korea.”,
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, “With its extensive payment infrastructure in Korea, KakaoPay is serving as a testing ground for cross-border payment services. PayPay, utilized by around 70 million people, is the largest mobile payment service in Japan, and its introduction is expected to greatly increase the transaction volume.”,
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, “In addition to PayPay, KakaoPay has also connected with Vietnam’s ‘ZaloPay’, Pakistan’s ‘NayaPay’, and Uzbekistan’s ‘Humo’ in September. It has expanded its global reach in the outbound payment sector by introducing near-field communication (NFC) payments on the 22nd, furthering its presence in the US, Europe, and Oceania.”,
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, “A KakaoPay representative stated, ‘With PayPay, Japan’s number one mobile payment, being integrated domestically, the largest number of mobile payment users in both Korea and Japan can now pay with their respective payment services.’\n”