Kakao Pay Invests in 'OKPOS' Shares... Accelerating Offline Expansion

[Asia Economy Reporter Buaeri] Kakao Pay announced on the 29th that it has made an equity investment in 'OKPOS,' the largest POS (Point of Sale information management system) company in Korea.

OKPOS is a POS-specialized company holding the highest market share in the domestic offline payment market.

Kakao Pay entered the offline payment market in 2018. As of the end of Q2 this year, it has 1.66 million domestic and international online and offline franchise stores including convenience stores, marts, cafes, and restaurants.

Kakao Pay believes that since OKPOS has the largest number of franchise stores in Korea, there is potential to discover new business opportunities in the financial sector through data collaboration.