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KakaoPay, Apple Pay fined USD 5.8 mln in South Korea

Thursday 23 January 2025 12:34 CET | News

South Korea's Personal Information Protection Commission (PIPC) has fined KakaoPay and Apple Pay a combined USD 5.8 million for breaching the country’s Personal Information Protection Act.

The penalties stem from unauthorised transfers of personal data involving approximately 40 million users to Alipay, a Chinese payment platform.

Violations of data protection laws

The PIPC's investigation revealed that between April and July 2018, KakaoPay transferred sensitive user data to Alipay without obtaining proper consent. This data, spanning 24 categories, included phone numbers, email addresses, account balances, and other personal details. The transfers were carried out to calculate 'NSF scores,' which assess the likelihood of insufficient funds during bundled microtransactions, as part of Apple’s payment evaluation process.

KakaoPay, Apple Pay fined USD 5.8 mln in Korea

Notably, these transfers involved all KakaoPay users, even though only 20% of them had registered Apple Pay as a payment method. Neither KakaoPay nor Apple disclosed these international data transfers in their privacy policies, leaving users unaware of the practices.

Penalties and required actions

KakaoPay received a fine of USD 4.14 billion for its role in the unauthorised data transfers and was ordered to address compliance issues. The company must publicly disclose the violations on its website and app.

Apple was fined USD 1.7 billion for outsourcing data processing to Alipay without informing users and for failing to update its privacy policy to reflect the transfers. The company has been instructed to rectify its practices and make the violations public.

The PIPC has also directed Alipay to destroy its NSF score calculation models based on the transferred data. Furthermore, financial regulators, including the Financial Supervisory Service and the Financial Services Commission, are expected to address related violations involving unauthorised financial data sharing.

The ruling highlights the importance of transparency in data handling and compliance with privacy laws, setting a precedent for international companies operating in South Korea.


Source: Link


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Keywords: regulation, data, payments , payment methods, compliance
Categories: Fraud & Financial Crime
Companies: Apple Pay, KakaoPay
Countries: Korea, Democratic People's Republic of
This article is part of category

Fraud & Financial Crime

Apple Pay

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KakaoPay

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