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Kakao Pay is now offering its services in Singapore, and this was made possible through its partnership with Alipay Plus. The South Korea-based mobile payment and digital wallet service will now be available in offline stores around the country.
Alipay Plus is the global cross-border payment option and marketing service of the China headquartered Ant Group. It allows offline merchants to be paid by customers through mobile payment apps.
As per The Korea Times, users of Kakao Pay can easily make payments through its digital app by simply showing a QR code at any offline stores around Singapore. As long as the store is an affiliate member of Alipay Plus or Kakao Pay, customers can use it for their purchases or for payment of services. It was mentioned that stores at Changi International Airport and ComfortDelGro Tax would accept Kakao Pay transactions.
The consumers must look for the Alipay Plus or Kakao Pay logo to know if the merchant accepts this digital payment option. After each payment, users can check their transactions in real-time via the Kakao Pay app and Kakao Talk. For the users' convenience, the amount is shown in both Korean and local currencies.
"In cooperation with Alipay Plus, we started the 'Kakao Pay payment' service at local offline stores in Singapore so that Kakao Pay users who are visiting overseas due to the post-coronavirus can continue their convenient user experience abroad," Kakao Pay's head of overseas payment business, Cha Jeong Ho, said in a press release. "We will actively increase cooperation so that more countries can use the 'Kakao Pay payment' service in the future."
Kakao Pay further revealed that the company's long-term goal is to expand Kakao Pay and Alipay's collaboration in the global arena. Together, they will secure more affiliates overseas and bring their digital payment system to other places worldwide.
Currently, Kakao Pay is also available for offline payments in stores located in Macao and Japan. It is also a payment option on various digital platforms such as Netflix, Spotify, Apple App Store, and Google Play.
