[Asia Economy Reporter Bu Aeri] Yeo Minsu, co-CEO of Kakao, stated during the conference call after the earnings announcement on the 5th that "Kakao Pay's transaction volume in the third quarter reached 17.9 trillion KRW, a 38% increase compared to the previous year."



Co-CEO Yeo added, "With the preference for non-face-to-face payment methods increasing due to the novel coronavirus disease (COVID-19), Kakao Pay's payment transaction volume increased by 72% year-on-year as it was used not only online but also at offline merchants and overseas."


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