Kakao Pay Launches Real-Name Account Financial Service... "Securities Account Upgrade"

'KakaoPay Money 2.0' Declaration... Expansion of Financial Service Usage Scope
Upgrade Securities Account for a Chance to Receive KakaoPay Money Through a Draw

[Asia Economy Reporter Jin-gyu Lee] Kakao Pay announced on the 27th that it has officially launched financial services based on real-name accounts together with its subsidiary Kakao Pay Securities by declaring 'Kakao Pay Money 2.0.'

While 'Kakao Pay Money 1.0' enhanced the convenience of using financial services such as payments, remittances, and investments through the platform, Kakao Pay Money 2.0 expands the scope of financial service usage and strengthens tangible user benefits through securities account opening and linkage. The strategy is to increase the completeness as a financial platform by integrating payment services such as payments and remittances with specialized financial services such as securities and insurance.

First, the Kakao Pay Money securities account upgrade is officially open to all users. Kakao Pay and Kakao Pay Securities have been guiding users who pre-registered since the 6th to open securities accounts sequentially. With the official opening of the Kakao Pay Money securities account upgrade, users who missed the pre-registration can now convert to a securities account anytime from the Kakao Pay home screen in KakaoTalk.

Kakao Pay Securities will also run a promotion for one month starting today, giving Kakao Pay Money to users who upgrade to a securities account by lottery. From today until March 12, 50,000 KRW will be given to a total of 1,000 people who complete the upgrade, and from March 13 to March 27, 5,000 KRW will be given to a total of 50,000 people who complete the upgrade. Users who already opened securities accounts through pre-registration are automatically entered into the 50,000 KRW lottery.

When upgrading Kakao Pay Money to a securities account, users can receive up to 5% per annum (before tax), higher than market interest rates, on the account balance automatically deposited, paid weekly by Kakao Pay Securities. Benefits such as unlimited holding limits and deposit protection (up to 50 million KRW per person) also apply.

The benefits of Kakao Pay Money 2.0 extend to fund investments. If upgraded to a securities account, users can invest in three funds officially opened by Kakao Pay Securities in the 'Kakao Pay Investment' service. Unlike the previously difficult and complex funds, the entry barrier is lowered, allowing anyone to invest easily and conveniently from as little as 1,000 KRW.

Ryu Young-joon, CEO of Kakao Pay, said, "This year marks the third anniversary since Kakao Pay launched as an independent corporation," adding, "Kakao Pay Money 2.0 will be the beginning to show how tech-fin innovation through the convergence of IT technology and various financial services can change our daily lives."

This content was produced with the assistance of AI translation services.