Kakao Pay Partners with Beaver Works to Expand 'Offline Payment Services'

KakaoPay 'Near Me' Service Integrates BeaverWorks 'Smart Order' Feature

Kakao Pay announced on the 7th that it has signed a strategic partnership agreement with BeaverWorks, an offline payment kiosk solution provider. The two companies plan to actively cooperate to enhance user convenience and expand Kakao Pay’s offline payment locations.

Kakao Pay will incorporate BeaverWorks’ ‘Smart Order’ feature into its location-based service ‘Near Me’ to enable mobile ordering. ‘Smart Order’ is a service by BeaverWorks that allows users to find stores available through a mobile app and use delivery orders, pre-orders, and takeout orders. It will now also be available within Kakao Pay’s ‘Near Me’ service.

Through this strategic partnership, the two companies plan to expand Kakao Pay payment options to merchants using BeaverWorks’ solutions. The goal is to enable users to make payments more conveniently with Kakao Pay at offline merchants affiliated with BeaverWorks and its partner solution providers. In the first year, ordering and payment will be possible at approximately 10,000 merchants in the Seoul and Gyeonggi regions. The service will later be expanded nationwide. Kakao Pay will handle operational tasks such as development support, issue response, and customer service (CS) to enable BeaverWorks merchants to use Kakao Pay services.

Oh Seung-jun, Head of Kakao Pay Payment Business Group, and Kim Jong-yoon, CEO of Beaver Works (from left), are signing a business agreement.

Oh Seung-jun, head of Kakao Pay’s payment business group, said, “This strategic partnership agreement opens up opportunities to expand Kakao Pay’s offline merchants and enhance the Near Me service,” adding, “We will continue close cooperation to provide users with a more convenient and special payment experience.”

Kim Jong-yoon, CEO of BeaverWorks, stated, “This collaboration will kickstart the long-stalled O2O (online-to-offline) business,” and added, “It will improve consumer convenience and increase profits for small business owners.”

Kakao Pay’s ‘Near Me’ is a service that allows users to check nearby Kakao Pay payment locations and benefits based on their current location. Users can immediately identify nearby stores where payments are possible on the map via the ‘Near Me’ button at the top of the payment screen or the ‘Near Me Benefits’ tab within the benefits section. Information on discounts, points accumulation, coupons, and other benefits available when paying with Kakao Pay at nearby stores can also be checked.

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