Digital wallets are becoming the preferred way to pay in South Korea
Customers authenticate and confirm payments using the KakaoPay app, which requires proof of identification and a bank account, making it a quick and secure way to pay.
You don't need to set up a bank account in South Korea to add KakaoPay as a payment option with Paddle.
KakaoPay is a popular payment method for customers in South Korea and Koreans living abroad.
KakaoPay had 32.3m annual active users of their services, as of Q4 2023.
KakaoPay is the most popular payment method for gen Z and millennials in South Korea.
How it works
Customer chooses KakaoPay
Turn on KakaoPay in a couple of clicks in your Paddle dashboard. Paddle automatically presents the option to pay using KakaoPay for customers paying in a supported country and currency.
Customer starts confirmation
If the customer is checking out on a desktop, they're prompted to scan a QR code with their phone. If they're on mobile, they're prompted to open KakaoPay.
Customer confirms purchase
Customer confirms purchase on their phone using their KakaoPay app.
Payment complete
If successful, Paddle Checkout shows a success screen or enters your success workflow.
Accept KakaoPay
- Go to Paddle > Checkout > Checkout settings.
- On the General tab, check KakaoPay.
- Click Save to apply.
Test KakaoPay
You can test KakaoPay using your Paddle sandbox account.
- Turn on KakaoPay for your Paddle account.
- Open a checkout for an item that's priced in
KRW(South Korean Won). - Pick South Korea as the country on the first screen of checkout, then enter an email.
- Select KakaoPay as the payment method.
- Click Pay and follow the prompts to complete purchase.