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Kakao Pay waives payment fees for new merchants to expand payments ecosystem

Kakao Pay will waive Kakao Pay Money payment fees in full for newly signed offline merchants that are small and medium-sized businesses through the end of this year. The program applies to businesses with annual sales of 500 million won or less that complete sign-up and screening from May 18 to June 30. Kakao Pay will also provide a marketing package, free payment kits, support for local currency and policy subsidy payments, and foreign tourist payments.