Kakao Pay Provides 'Mobile Original Certificate' Service

[Asia Economy Reporter Eunju Lee] Kakao Pay announced on the 13th that it will be the first in the domestic fintech industry to provide a 'Mobile Original Certification' service with the legal effect of certified mail.

'Mobile Original Certification' is a service that can verify the transmission, reception, and viewing history information of electronic documents through Kakao Pay's 'Electronic Document Distribution Certificate.' By adding a sent document storage function to Kakao Pay electronic documents, it has the same legal effect as certified mail delivered in writing. Unlike the existing method, which takes about 1 to 2 days to complete sending certified mail documents by postal mail, real-time document sending is possible via KakaoTalk. The sending cost is reduced to about one-third of the previous cost, and environmental protection effects can also be expected by reducing paper documents.

In October, Kakao Pay signed a business agreement with Korea Land and Housing Corporation (hereinafter LH), Hana Financial TI, and Wider Lab to expand the 'Mobile Original Certification' service. Through the agreement, electronic documents related to compensation plans and other matters in the compensation procedures of public interest projects implemented by LH are sent to users via KakaoTalk, and Kakao Pay can verify the reception and viewing history of LH's electronic documents with the 'Electronic Document Distribution Certificate.' Datarium, the first certified electronic document center in the financial sector operated by Hana Financial TI, can verify the integrity of the document content with the 'Electronic Document Original Certificate.'

Kakao Pay said, "We are pleased to contribute to the development of digital administrative services for the entire nation through collaboration with LH, Hana Financial TI, and Wider Lab," and added, "As Korea's representative tech-fin company, we will continue to actively improve the electronic document distribution system to enhance user convenience and make active efforts to create a paperless society."

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