News

Cards & Payments

Staff Reporter

, South Korea

Published:

1 year ago

Photo by Polina Zimmerman from Pexels

Kakao Pay beset with 2 hour service disruption

This was subsequent to its the messaging app’s recent cyber disruption.

South Korean online payment service Kakao Pay underwent a service disruption for two hours on 15 May, said the firm.

KaKao Pay was down from 12:10 PM to 2:15 PM, according to a report by Yonhap News Agency.

ALSO READ: Kakao Bank, Kakao Pay shares tumble as fire disrupts services: report

This incident comes a week after Kakao Corp’s other business, Kakao Talk, also faced a log-in issue and message-sending failure.

It was said the interference was caused by heavy traffic in its database, which affected the online transactions and payments made by its users.

Also Read

Alipay+ now accepted at PayNet’s DuitNow QR merchants in Malaysia

UnionBank releases four new credit cards with various benefits

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Alipay+ now accepted at PayNet’s DuitNow QR merchants in Malaysia

Alipay+ will add more partners in the near future.

Cards & Payments

OCBC extends S$16m green-linked loan to textile and apparel company Ghim Li

The loan was made through the ESGpedia platform.

Lending & Credit

Singapore fintechs expand footprint in Australia through Project Lorikeet

The initiative aims to boost fintech trade and investment between Singapore and Australia.

Financial Technology

Citi sells $3.6b China consumer wealth portfolio to HSBC

The deal does not include the bank’s institutional business.

Wealth Management

Exclusives

[English] Greenwashing in banking: real concern or overblown issue?

Reputational risks abound for those who drag their feet about sustainability or engage in greenwashing.

Lending & Credit

How can financial institutions build customer loyalty in the modern era?

It’s no longer just about giving perks, but about offering experiences, industry leaders said.

Banking Technology

PH digital bank CEOs tout marketing, mindset, partnerships to disrupt banking

They made use of their old payments model and partnerships to scale operations.

Banking Technology

Philippines on track to meet digital payments goal: central bank

Nearly 4 in 10 Filipinos now have e-money accounts, says Deputy Governor Tangonan.

Banking Technology

Event News

OCBC shines at ABF Wholesale Banking Awards, Retail Banking Awards

Co-Written / Partner

Amongst other accolades, the bank bagged the China International Trade Finance Bank of the Year award as well as its 13th consecutive ASEAN SME Bank of the Year award, attesting to the strength of its extensive ASEAN-Greater China franchise.