Prior to Naver’s latest decision to launch the mobile money transfer service, Kakao has also revealed its plan to start a similar service, indicating that competition is getting fiercer among major IT companies to take the initiative in the mobile financial market.
As Naver is preparing to launch the mobile remittance service, Kakao is also planning to launch a small amount payment service “Bank Wallet Kakao” and a payment service “Kakao Pay” within September 2014.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.