Kakao Pay blockchain-based mobile authentication service hits 1 mln users

Thursday 8 March 2018 | 09:28 CET | News
South Korean mobile payment service provider Kakao Pay has announced that more than 1 million users have joined its blockchain-based mobile authentication service. Kakao introduced its Kakao Pay Authentication mobile messenger-based digital authentication service 8 months ago, Yonhap news agency reports. The service supports the authentication process between the institution and customers by digitally documenting customers' signatures, the company said. 

Users of South Korean mobile messenger service KakaoTalk can use the Kakao Pay authentication service on the mobile messenger without having to download an application. A total of 20 institutions and companies, including insurer AIA Life Korea and the Korea Transportation Safety Authority, use the service, Kakao Pay said, adding that it plans to expand the service in the near future.  

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