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KakaoPay Review

KakaoPay
Our score: 8.8 User satisfaction: 95%

What is KakaoPay?

KakaoPay is a PCI-DSS compliant digital wallet application by Kakao Corp. It can be used together with other Kakao services, such as KakaoTalk, for sending and receiving money.

With KakaoPay, users can rest assured that their financial details are in good hands. That is because the app prompts them to input a password at the setup stage that they will use to authenticate every transaction. This lets them protect themselves from any unauthorized use of their cards.

Moreover, companies can even pay their utility bills and invoices online with KakaoPay. They can do this directly from the app or from Kakao’s messaging service. This makes it convenient for them to ensure the smooth running of their operations by paying their bills and invoices on time for utilities and services rendered.

Overview of KakaoPay Benefits

Bills Management

KakaoPay connects with various utility services in South Korea to send bills directly to the app. This makes it easier for businesses to pay their bills, especially for always on-the-go freelance professionals and for companies with busy finance departments. This lets them make sure they do not incur penalties and cut services due to missed or delayed payments.

Password Authentication

KakaoPay ensures the security of users’ financial details through identity verification and password authentication. The former makes sure that it is indeed the owner adding cards to the digital wallet while the latter makes certain it is also the owner or an authorized individual making the purchase. This protects professionals and businesses from possible fraud that can negatively impact their companies’ finances.

Wireless Transfers

Professionals and companies can receive payments directly from their clients in KakaoPay. That is because the fintech app supports wireless transfers directly from KakaoTalk. On top of that, this service is free and has no hidden charges, making it a cost-effective and viable solution for both businesses and their customers.

Integrated Rewards

Physical loyalty cards, gift certificates, and coupons are easily forgotten at home or in other places, or in the worst-case scenario, lost. This renders those loyalty rewards and discounts unclaimable. But with KakaoPay, businesses can offer scannable loyalty cards with barcodes that customers can store in their digital wallet. This way, they can enjoy rewards and gain points for their purchases without fear of losing them.

Overview of KakaoPay Features

  • Credit Card Payments
  • Mobile Payments
  • Cash Payments
  • Wire Transfers
  • Password Authentication
  • Identity Verification
  • Bills Management
  • Barcode Scanning

KakaoPay Position In Our Categories

Because companies have their own business wants, it is only wise that they avoid paying for an all-encompassing, ”best” business application. Just the same, it is nearly futile to try to discover such a software product even among branded software solutions. The reasonable step to do should be to write down the numerous major functions which need inspection such as essential features, pricing, technical skill levels of staff, business size, etc. Then, you must do your product research fully. Have a look at some of these KakaoPay review articles and look over each of the software options in your list more closely. Such all-encompassing research can make sure you stay away from unfit applications and buy the one that provides all the benefits your business requires in sustaining growth.

Position of KakaoPay in our main categories:

TOP 10

KakaoPay is one of the top 10 Mobile Payment Systems products

If you are considering KakaoPay it could also be a good idea to investigate other subcategories of Mobile Payment Systems collected in our base of B2B software reviews.

It is crucial to realize that hardly any software in the Mobile Payment Systems category is going to be an ideal solution that can fulfill all the requirements of all company types, sizes and industries. It may be a good idea to read a few KakaoPay Mobile Payment Systems reviews first as specific software might excel only in a really small set of applications or be prepared with a really specific type of industry in mind. Others may function with an idea of being simple and intuitive and as a result lack advanced elements desired by more experienced users. You can also come across solutions that support a broad group of customers and give you a complex feature set, however that in most cases comes at a higher price of such a service. Be certain that you're aware of your needs so that you buy a solution that has specifically the features you look for.

How Much Does KakaoPay Cost?

KakaoPay Pricing Plans:

Free Trial

KakaoPay

Free

The Kakaopay service is free to use.  There are no enterprise pricing plans.

User Satisfaction

Positive Social Media Mentions 31
Negative Social Media Mentions 1

We realize that when you make a decision to buy Mobile Payment Systems it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and KakaoPay reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with KakaoPay. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Video

Technical details

Devices Supported

  • Windows
  • Android
  • iPhone/iPad
  • Mac

Deployment

  • Cloud Hosted

Language Support

  • English

Pricing Model

  • Free

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business
  • Freelancers

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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What are KakaoPay pricing details?

KakaoPay Pricing Plans:

Free Trial

KakaoPay

Free

The Kakaopay service is free to use.  There are no enterprise pricing plans.

What integrations are available for KakaoPay?

KakaoPay integrates with KakaoTalk for sending and receiving money.

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Reviewed By Jenny Chang
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