Kakao Pay "Let Us Inform You of Upcoming Financial Schedules"

Monthly Financial Schedule Alerts via KakaoTalk
Track Insurance Premiums, Loan Interest, OTT Subscription Fees, and More

[Asia Economy Reporter Minwoo Lee] Kakao Pay is launching a service that notifies users of various financial schedules.

On the 14th, Kakao Pay announced that it will start this "financial schedule service" by utilizing its personal credit information management business (MyData) service and Kakao Pay's own data.

The service analyzes financial institution information connected to MyData, such as banks, card companies, and insurance companies, along with users' transaction history and service usage details, to notify users of upcoming financial schedules every month. It also includes a feature that sends KakaoTalk messages about scheduled events if desired.

Kakao Pay is also piloting a "fixed expenditure" service that allows users to check monthly expenses by category. Within the "financial schedule service," the "fixed expenditure" feature enables users to track financial schedules such as card installment payments, insurance premiums, and loan interest, as well as payment statuses for online video services (OTT) and various subscription services by date. In the future, Kakao Pay plans to enhance the service by adding schedule editing functions, providing tax-saving methods, various benefits, and overdue payment information.

A Kakao Pay representative explained, "We designed this service so that users can comfortably manage their financial lives without having to check each schedule individually," adding, "We will improve accuracy further through service enhancements."

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