Company Information

Get to know Kakao Pay

Launched in 2014 by its parent company Kakao, Kakao Pay was spun off as a separate entity in 2017 and went public with an IPO on the KRX in November 2021. The company has evolved from a simple mobile payment service integrated into the KakaoTalk messenger app into a major "techno-finance" platform in South Korea. Its mission is to create a "wallet-free world" where all financial activities can be conducted through a smartphone. Kakao Pay's services now encompass online and offline payments, money transfers, bill payments, authentication services, as well as integrated financial products like insurance, loans, and investment services through its subsidiaries.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Kakao Pay

South Korea

Founded in

05 Sep 2014 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.