Online Banking for Teens Draws 500,000 Applicants in a Month

      November 26, 2020 10:37

      An exclusive service for teenagers by online-only Kakao Bank has proved popular since its launch last month.

      The bank said on Wednesday that Kakao Bank Mini, which allows teenagers to make financial transactions from prepaid accounts, attracted 500,000 customers in just a month after it was launched on Oct. 19.

      That means one out of every five teens aged 14 to 18 is using the service. Most of the transactions took place in convenience stores.

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