Western Union digital money transfers now live in South Korea via kakaobank mobile app
Western Union and kakaobank, the largest mobile-first bank in South Korea, announced the launch of Western Union digital money transfer services within kakaobank’s mobile app.
With the integration, over 7.6 million kakaobank customers can now seamlessly send and receive international money transfers from their mobile phones, 24/7.
Along with Australia, South Korea leads the Asia Pacific region in digital banking activities, according to research by The Asian Banker. Online banking transactions are rapidly shifting from internet banking to smartphone-based mobile banking in the country.
Western Union has operated in Korea since 2001 and has more than 4,000 retail Agent locations in the country.
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