Search results for KakaoPay Money
Finance
KakaoPay posts record quarterly results with first-quarter revenue of 300.3 billion won
KakaoPay said on May 6 it posted record quarterly results, with first-quarter consolidated revenue of 300.3 billion won and operating profit of 32.2 billion won. Net profit was 34.7 billion won. Revenue rose 41.7 percent from a year earlier, while operating profit surged 630.9 percent and net profit rose 141.5 percent. Transaction volume increased 15 percent to 50.9 trillion won.
Finance
KakaoPay automatically extends KakaoPay Money expiry by 10 years
KakaoPay will automatically extend the validity period of KakaoPay Money by an additional 10 years for users reaching their first expiry date, it said on Tuesday. KakaoPay Money is a prepaid electronic payment instrument launched in April 2016. While the law applies a five-year commercial statute of limitations to such instruments, KakaoPay has operated a 10-year validity period based on the last top-up or use date.
Games & Commerce
Kakao Shopping runs Lunar New Year promotions, expands Gift and Tokdeal benefits
Kakao said on Feb. 5 it will run Lunar New Year promotions on KakaoTalk Gift and Tokdeal, offering deals covering holiday preparations and gifting. KakaoTalk Gift will hold a planning exhibition focused on popular seasonal products through Feb. 18, including premium delivery items and exclusive products. Customers paying at least 150,000 won with KakaoPay Money can get an instant 10 percent discount, capped at 20,000 won. Tokdeal will run Tokdeal Week through 5 p.m. on Feb. 9 and follow with relay planning exhibitions for holiday food.
