In an effort to ease the financial burden on small and medium-sized businesses, KakaoPay has announced a reduction in online payment fees for those using its prepaid charge service, KakaoPay Money. Effective retroactively from February 1st, the payment fee for these businesses is expected to drop to approximately 1.0%.
This move comes in line with government policies aimed at supporting small businesses and promoting economic growth. KakaoPay expressed its commitment to continue developing various services and policies to support its partners in the business world.
“As important partners to us, we have decided to reduce payment fees for small businesses in order to grow and succeed together,” a KakaoPay representative stated. This latest action by KakaoPay demonstrates its dedication to supporting the growth and prosperity of small businesses in South Korea.
