KakaoPay
A popular eWallet used throughout South Korea and across the APAC region
What is KakaoPay?
KakaoPay is a leading eWallet in South Korea, letting consumers pay online using the KakaoPay eWallet linked to other payment methods like credit cards. KakaoPay enables users to transfer money and quickly check their account balances and card balances.
Users benefit from KakaoPay by paying their bills and viewing electronic documents through the KakaoPay app. Customers can scan barcodes when making in-store purchases to earn rewards with KakaoPay.
User Experience
When a customer wants to make a payment online, they will select KakaoPay eWallet, select Place Your Order, and be redirected to KakaoPay and authorize the payment.
Checkout with KakaoPay ewallet > Select Place Your Order.
Redirect to the KakaoPay ewallet landing page.
Authorize the payment.
Redirect to the payment confirmation page.
Receive a payment confirmation message.
KakaoPay Details
Details | Description |
|---|---|
Payment Method Category | eWallet |
Payment Request String | PMT = kr_kakao_ewallet PMT Name = KakaoPay eWallet |
Country | Republic of Korea |
Presentment Currency | KRW |
Refunds/Reversal | N/A |
Recurring Payments | No |
Disputes/Chargebacks | No |
Transaction Limits | 999, 999, 999 KRW per transaction (subject to issuer/user limit) |
Settlement Timeframe | 2-3 days |
Rapyd Guide | See eWallets |