KakaoPay Opens 'Cafe Authentication' on SC First Bank Mobile Banking App

KakaoPay Authentication First Applied in Commercial Banks' Mobile Banking Apps
No Separate Program Installation Required
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[Asia Economy Reporter Kim Hyo-jin] Now, 'KakaoPay Authentication' will be available on mobile banking applications (apps) as well.

KakaoPay and SC First Bank announced on the 10th that KakaoPay Authentication has been opened on the mobile banking app. This is the first time that 'KakaoPay Authentication,' which has already been introduced to more than 200 institutions, is applied to a commercial bank's mobile banking app.

Any KakaoPay user can safely and conveniently use KakaoPay Authentication on the latest version of the SC First Bank mobile banking app without installing any additional programs for ▲ mobile banking app login ▲ automatic payment cancellation ▲ card prepayment, etc. Starting with this launch, KakaoPay plans to gradually expand its application to ▲ transfers ▲ financial product payments ▲ giro payments, and more.

The certificate issuance method is also simple. In the 'Authentication' menu within KakaoPay, select 'Issue Certificate,' verify your identity via mobile phone and account authentication, then set an 8 to 15-digit password to start using it immediately.

Launched in June 2017, 'KakaoPay Authentication' is the first mobile messenger-based authentication service in Korea, implemented with a public key infrastructure (PKI) equivalent to official certificates, and enhanced security by applying blockchain technology. In March 2018, it obtained the status of an official electronic document intermediary from the Ministry of Science and ICT, and has recorded over 20 million cumulative issuances.

KakaoPay plans to expand the use of this authentication method to various financial sectors starting with this partnership.

A KakaoPay official stated, “Through continuous expansion of partner institutions, we will strive to enable users to conveniently use any financial service with just 'KakaoPay Authentication.'”

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