Bango PLC (AIM:BGO) has entered into a partnership with South Korea’s Kakao Pay, a lifestyle financial platform available through the Kakao Talk mobile messaging app.
Bango said merchants on its commerce platform can now reach tens of millions of users in South Korea to collect online payments and offer product bundles.
"Bango powers payments for the world's biggest online businesses who can now expand their reach in Korea", said Andy Suzuki, senior vice president Asia Pacific at Bango.
"Partnering with Kakao Pay brings together Bango global payments technology with the focused, regional coverage and quality of service that only Kakao Pay can provide," he added.
Kakao Talk is the most popular messaging app in South Korea and has more than 37mln users, of which more than 20mln are active on a monthly basis. These users can spend with their Kakao Pay e-wallet on the content and services offered by Bango global merchants through this partnership.