Kakao Pay (Korean: 카카오페이) is a mobile payment and digital wallet service by Kakao based in South Korea that allows users make mobile payments and online transactions.

[1] The service supports contactless payments using near-field communications and QR codes.

[4] In April 2017, KakaoPay Co., Ltd. was established to run the payment services operated by the company.

KakaoPay crossed the 10 million user mark after 20 months since its launch.

With the rapid increase in users and payment transactions, KakaoPay received a $200M investment from Alibaba's Ant Financial, the parent company of Alipay, a mobile payment service in China.