KakaoTalk To Launch Banking Service

D-Bo , July 23, 2014, 9:27 a.m.

The popular messaging app KakaoTalk is planning to launch banking services for their customers as early as September.  The messaging app currently has an audience of over 30 million users.  KakaoTalk will allow money transfers between users.  Users are required to download an app, register bank details and set a password. Transfers will be limited to $100 each day with accounts holding roughly $500.


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