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"There's plenty of speculation that Facebook will introduce mobile payments to its Messenger app in the future, and South Korea's top chat\u00A0app is giving the US company a glimpse of how it could\u00A0work.\r\n\r\nKakao -- which completed a $3 billion merger\u00A0recently and has\u00A0154 million registered users worldwide\u00A0-- teased a payments solution in February, and now KakaoPay\u00A0has launched.\u00A0Available in Korea -- where it\u00A0claims an incredible 93 percent installation rate on all smartphones -- the service is integrated into the Kakao Talk app and will\u00A0virtually store up to 20 credit and debit cards.\r\n\r\n\r\n\r\nKakaoPay is initially rolling out for Android, but there are plans to bring it to iOS users in Korea next month. For now, the company is keen to stress its security, and that the solution simplifies the current mobile payments systems in Korea, which require a myriad of authentication and verification processes.\r\n\r\nAlso read:\u00A0Korea\u2019s big mobile messaging exit gives Silicon Valley a glimpse of the future"^^<http://www.w3.org/2001/XMLSchema#string>
<http://thenextweb.com/asia/2014/09/05/koreas-top-chat-app-gives-a-glimpse-of-what-facebook-messenger-payments-could-look-like/>