Refunds
Partial Refunds
Multiple Partial Refunds
3D Secure
Chargebacks
Local Entity Required
Digital wallets
KakaoPay
KakaoPay lives inside Kakao Talk, South Korea's most downloaded app on both the App Store and Google Play. With 93% of Korean smartphone users on the platform, it's less a payment option and more a baseline expectation for any business selling in the Korean market.
Part of the Ant Financial Open Ecosystem (OSP), KakaoPay lets customers pay online or in-store using a PIN or biometric authentication, with no need to enter card details at checkout. Beyond payments, the app supports investment management and cross-border P2P remittances, making it a financial hub embedded in everyday life rather than a standalone wallet.
For merchants, the integration is straightforward and comes with recurring payment support, making it suitable for subscriptions, memberships, and automated billing. Settlement is in USD against KRW processing, with a 5-day settlement delay. Partial refunds and multiple partial captures are supported, giving operational flexibility for complex order flows.
If you're entering South Korea or optimizing checkout conversion there, KakaoPay is not optional.
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Why Solvimon
Helping businesses reach the next level
The Solvimon platform is extremely flexible allowing us to bill the most tailored enterprise deals automatically.
Ciaran O'Kane
Head of Finance
Solvimon is not only building the most flexible billing platform in the space but also a truly global platform.
Juan Pablo Ortega
CEO
I was skeptical if there was any solution out there that could relieve the team from an eternity of manual billing. Solvimon impressed me with their flexibility and user-friendliness.
János Mátyásfalvi
CFO
Working with Solvimon is a different experience than working with other vendors. Not only because of the product they offer, but also because of their very senior team that knows what they are talking about.
Steven Burgemeister
Product Lead, Billing
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