CNN, MS NOW and Politico Sue Trump Over White House Media Ban 
Costco Revenue Beats Estimates as Inflation Drives Bulk Shopping 
Novo Nordisk Weighs Direct NYSE Listing to Boost U.S. Profile 
Apple Extends Qualcomm Patent Licensing Deal 
BlackBerry Shares Rise as Q2 Earnings, Revenue Beat Estimates 
Meta Unveils Muse Charm AI Device, Expands Smart Glasses Lineup 
Goldman Sachs Names Simon Lyons UK Investment Banking Co-Head 
US Northeast Airports Resume Operations After Telecom Outage Disrupts Thousands of Flights 
OpenAI to Preview GPT-6 Cyber AI Model for Cybersecurity 
Microsoft Stock Upgraded as Stifel Sees Stronger Azure Growth 
H&M Q3 Profit Beats Estimates as Margins Improve 
Anthropic’s Claude Discovers CRISPR-Like Enzyme System 
SoftBank Raises $11.1 Billion in Bond Sale to Fund OpenAI Investment 
Mercedes-Benz Eyes €800 Million Labor Cost Cuts in Germany 
Former OpenAI Data Center Chief Chris Malone Joins Nvidia 
JPMorgan Names Lavatelli Japan Chief in Leadership Shake-Up 
Add as a preferred source on Google
Kakao and Samsung Card just inked a deal to launch the KakaoPay brand credit card. This partnership is said to be part of the latter’s move to delve deeper into the financial business.
How Samsung Card was picked as KakaoPay’s partner
As per The Korea Times, Kakao and Samsung Card agreed to create KakaoPay’s private label credit card (PLCC) as soon as possible. The two firms are targeting May as the launch date for the new card.
KakaoPay is a leading mobile payment service in South Korea. It has been growing rapidly in recent years as its number of users keeps multiplying, which was credited to its parent company Kakao that also operates the Kakao messaging app.
At any rate, it was revealed that KakaoPay has been planning to have its own credit card, and last year, it received many applications for the project. The company set up a bidding process to find a partner, and Samsung Card emerged as the winner in the selection.
Since the deal has been sealed, both Samsung Card and KakaoPay worked and collaborated in all the aspects involving the credit card, such as the design, promotion, and marketing strategies. Samsung proved to be the best choice, and after all, it is South Korea’s second-largest car company.
Collaborative future plans and how the new card works
Once the Kakao-labeled credit card is introduced and released, the companies are already looking into possible expansions in the financial market. In any case, KakaoPay and Samsung Card will be earning from this collaboration by sharing the profits in commissions generated from the use of the cards.
As for how the KakaoPay credit card works, since this is a PLCC, it was designed with benefits and rewards from affiliate brands. Korea Joongang Daily reported that this will offer users many perks that can be had through Kakao Pay points. These are earned by purchasing products and services offered by Kakao companies.
It should be noted that the points are considered digital money that credit card owners can use when buying or paying online Kakao Pay. Initially, the points will also be randomly given to users for every transaction done under Kakao Pay.
