Kakao Pay
For One-time Payments
The Kakao Pay wallet was founded in 2014 by Kakao Group which is a leading mobile Internet company in South Korea. Kakao Group is the first company to provide mobile payment and is the most popular mobile payment and digital wallet in South Korea.
Kakao Pay (KKP) allows users to make mobile payments or online transactions. It provides services such as online shopping, bill payment, insurance, loans, and investment. Those services support near field communication and QR code scanning to make non-contact payment.
Properties
The following table lists the product properties supported by Kakao Pay:
Payment type | Digital wallet | ||
Funding source | Wallet balance, Cards, Points | ||
Acquirer | AntomSG, AntomEU, AntomUS, AntomUK, AntomHK | Merchant entity location | SG, HK, EEA, US, UK |
Payment flow | Redirect | Refund | ✔️ |
Buyer country/region | South Korea | Partial refund | ✔️ |
Time to return payment result | Real-time | Chargeback/Dispute | ❌ |
Processing currency | KRW | Refund period | 365 days |
Minimum payment amount | Default timeout | 10 minutes | |
Maximum payment amount | Supported plugins | ❌ Shopify | |
Transaction limit
Funding source type | Minimum payment amount | Maximum payment amount |
Cards | No limit | User's credit limit |
Wallet balance | 100 KRW | A - Preferred[1]: 5,000,000 KRW/day or no limit |
B – Standard (Default): 2,000,000 KRW/day | ||
C – Risk[2]: 500,000 KRW/transaction; 1,500,000 KRW/day | ||
D – Incident[3]: 300,000 KRW/transaction; 900,000 KRW/day | ||
High-liquidity[4]: 1,000,000 KRW/month per user; Amount above 300,000 KRW/transaction requires ARS[5] verification |
[1] Preferred merchants: This tier of transaction limits needs case-by-case application and approval from Kakao Pay.
[2] The high-risk MCC list is being finalized by Kakao Pay.
[3] Downgraded if incident (fraud or scams) occurs. If an incident results in a change to the merchant’s tier, KKP will notify in advance.
[4] High-liquidity merchants: Merchants have cash equivalent business such as chargeable goods/services, top-up, gaming, and gift card.
[5] Automatic Response System (ARS) is a verification by a phone call from KKP to the user to conduct the OTP certification.
User experience
Note: The following payment flows on different terminals are reference only, and represent this payment method's flow on different terminal types. For supported merchants' terminal types, consult Antom Technical Support.
The following figures show the journey of paying with Kakao Pay:
Web
- The buyer selects Kakao Pay to pay.
- Display the payment code page to the buyer.
- The buyer scans the QR code on the PC with the phone.
- The buyer confirms the order information.
- The buyer completes the authentication.
- Display the payment result page of Kakao Pay.
- The buyer is redirected back to the merchant result page.
App
- The buyer selects Kakao Pay to pay.
- The buyer confirms the order information.
- The buyer completes the authentication.
- Display the payment result page of Kakao Pay.
- The buyer is redirected back to the merchant result page.
For Tokenized Payment, Scan to Link
Kakao Pay allows users to make mobile payments or online transactions. It provides services such as online shopping, bill payment, insurance, loans, and investment. Those services support near field communication and QR code scanning to make non-contact payment.
Properties
The following table lists the product properties supported by Kakao Pay:
Payment type | Digital wallet | ||
Acquirer | AntomSG, AntomEU, AntomUS, AntomUK, AntomHK | Merchant entity location | SG, HK, EEA, US, UK |
Payment flow | Redirect | Refund | ✔️ |
Buyer country/region | South Korea | Partial refund | ✔️ |
Processing currency | KRW | Chargeback/Dispute | ❌ |
Time to return payment result | Real-time | Refund period | 365 days |
Minimum payment amount | 50 KRW | ||
Maximum payment amount | 2,000,000 KRW for single transaction (Except for gaming merchants: Hana and Samsung - 500,000 KRW, Hyundai - 110,000 KRW, NH - 100,000 KRW, BC - 50,000 KRW) | ||
Supported plugins | ❌ Shopify | ||
User experience
The following graphic shows the Kakao Pay app authorization process:
Supported online payment integrations
Antom offers a range of integration options tailored to each payment method. Each payment method may support different online payment integration options, allowing for flexibility based on your business requirements. The table below provides detailed information about the specific integrations available for each payment method:
Supported online payments | Supported integrations |
One-time Payments | ✔️ Payment links |
Tokenized Payment | |
Subscription Payment | ❌ |
EasySafePay | ❌ |
Scan to Link |