Kakao Pay Simplifies 'Account Linking' Verification Process with Kakao Bank

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[Asia Economy Reporter Jin-gyu Lee] Kakao Pay announced on the 20th that it will simplify the account linking process with Kakao Bank and start linking 'Simple Account Linking' and 'Asset Management' that allow integrated management of financial assets.

The cumbersome authentication process during account linking is simplified. Kakao Pay users who have a Kakao Bank account can easily link their account by pressing the 'Link Kakao Bank' button in the Kakao Pay linked account settings.

Instead of going through the mandatory procedures such as account number verification, account holder authentication, and ARS authentication, users only need to enter the 6-digit Kakao Bank authentication password. Through the linked account, users can use Kakao Pay services such as 'Transfer', 'Payment', and 'Investment'.

At the same time, Kakao Bank is linked to Kakao Pay Asset Management, enabling integrated financial asset analysis. In the asset management tab within the Kakao Pay application, users can select 'Kakao Bank Simple Link' without a digital certificate and enter only the Kakao Bank authentication password.

Kakao Pay will run a simple account linking promotion with Kakao Bank until the 29th. During the promotion period, the first 100,000 users who link their Kakao Bank account to Kakao Pay will receive a 5,000 KRW coupon.

A Kakao Pay official stated, "We will enhance user convenience by simplifying the account linking process and providing services that allow integrated management of financial assets."

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