Withdrawal of Local Currency with KakaoPay at Overseas ATMs OK

Used in Japan, Vietnam, and Laos
Overseas usage fee free

Kakao Pay has enabled users to withdraw local currency from overseas automated teller machines (ATMs) in countries such as Japan and Vietnam.

On the 5th, Kakao Pay announced that it will launch this 'Overseas ATM Withdrawal' service in partnership with Hana Bank.

The countries where the 'Overseas ATM Withdrawal' service is available are Japan, Vietnam, and Laos. It can be used at ATMs of Seven Bank in Japan, BIDV in Vietnam, and BCEL Bank in Laos. The minimum withdrawal amounts are 1,000 yen in Japan, 100,000 dong in Vietnam, and 50,000 kip in Laos. Withdrawal limits vary by country, with a maximum of 1 million KRW per transaction and up to approximately 5 million KRW per month.

No special preparation is needed other than having a phone with Kakao Pay installed. By scanning the QR code on the local ATM screen with the phone and entering the desired amount, users can withdraw cash from their Kakao Pay Money balance or linked bank account.

There are no overseas usage fees. Users aged 14 or older who hold a Hana Bank account can use the service immediately without additional verification. Those without a Hana Bank account must complete identity verification through non-face-to-face real-name authentication to use the service.

This service can be accessed via the 'More' section under the 'All' tab in the latest versions of the KakaoTalk and Kakao Pay applications.

A promotional event to celebrate the launch of the overseas withdrawal service has also been prepared. Users will receive 5,000 KRW back in Kakao Pay Money upon their first withdrawal using the 'Overseas ATM Service.' The benefit applies to transactions of 10,000 yen or more in Japan, 1,000,000 dong or more in Vietnam, and 1,000,000 kip or more in Laos. The refund will be paid in a lump sum on the 18th of the following month.

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