KakaoTalk to Launch Banking Service as Early as September

Boasting more than 30 million subscribers in Korea, the mobile messaging service KakaoTalk is aiming to keep user numbers up by entering the banking business. It plans to allow money transfers as early as September.

Users are required to download an app, register bank details and set a password. Transfers will be limited to $100 each day with accounts holding roughly $500.

Arirang News / Jul. 23, 2014 11:17 KST