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Mobile Payments

Western Union money transfers are live in South Korea via kakaobank

Friday 1 February 2019 | 08:54 AM CET

Western Union and kakaobank have announced the launch of Western Union digital money transfer services within kakaobank’s mobile app.

With this integration, over 7.6 million kakaobank customers will be able to send and receive international money transfers directly from their mobile phones, 24/7. kakaobank customers in Korea have the choice to send money directly into more than half a million agent locations in more than 200 countries and territories, anytime.

According to the press release, online banking transactions in South Korea are rapidly shifting from internet banking to smartphone-based mobile banking in the country.

Western Union has been operating in Korea since 2001 and has more than 4,000 retail agent locations in the country. Customers still have the choice to access these locations to send money transfers in-person.

More: Link
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