Samsung Pay and Naver Pay services will be interlinked from Thursday, Samsung Electronics announced Wednesday. The announcement comes a day after Apply Pay began service in Korea.
Kakao Pay, the online payment unit of Korean tech company Kakao, said Tuesday it swung to the black last year thanks to increased financial income.
Kakao has almost recovered from a server-farm outage that took most of its major offerings offline for a few days in October. Use of KakaoTalk is almost back to where it was a year ago, according to MobileIndex. On Dec. 9, the average ...
Kakao Pay fell more than 14 percent intraday on Friday. After the market opened Friday, Kakao Pay traded at 40,100 won ($28.4) at the lowest point, recording a 52-week low.
SK Telecom was removed from the Morgan Stanley Capital International (MSCI) ACWI index in the investment research firm's August quarterly review released Friday. Kakao Pay failed to make it to the index.
Korean tech companies are providing and expanding buy now, pay later (BNPL) services to develop markets and build customer loyalty.
Kakao Pay has invested in The Cheat, a financial fraud prevention startup, the company announced Thursday. Kakao Pay said it decided to make the investment to protect customers and strengthen collaboration between the two companies.
Kakao Pay shares plunged 16 percent Wednesday as Alipay Singapore Holding Pte dumped 5 million shares in a block deal.
Fintech and e-commerce companies are providing limited buy-now-pay-later services, edging in slowly on the domain of credit-card companies.
Shin Won-keun, Kakao Pay CEO-designate, will be paid minimum wage until the company's stock price hits 200,000 won ($164). Shin and four other executives will return incentives they received last year, and Shin will not take any incentives until ...