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.

Founded in

South Korea