Kakao Corp. announced that its KakaoTalk wallet users had exceeded over 10 million. In February, Kakao introduced the KakaoTalk wallet, a mobile-based platform for storing digital IDs such as government-issued certifications and more. Since the pandemic began, the global digital shift accelerated considerably, prompting companies to adopt safe and efficient digital work solutions.
As Kakao said, it launched the digital ID platform to improve identity authentication services’ quality, providing better security. Moreover, the number of users who uploaded their certifications to Kakao’s platform reached more than 10 million. After only a few months since its launch, KakaoTalk wallet attained the fastest subscriber growth among identity authentication platforms.
KakaoTalk Wallet Features
Besides managing IDs and other national certifications, KakaoTalk wallet supports QR check-in codes and MelonVIP rating cards. Besides offering authentication services, KakaoTalk wallet also provides easy access to the Korean National Tax Service’s Hometax, an e-filing platform. KakaoTalk wallet also lets users access the Ministry of Security and Public Administration and the National Human Rights Commission’s news and services without installing separate apps or signing up for memberships. On top of these mobile government services, KakaTalk plans to increase digital authentication usage by introducing more multifunction solutions.
“We will continue to increase the number of applications and enhance the functions so that users recall KakaoTalk wallet when authentication is necessary,” said Ahn Jin-Hyuk, Head of the KakaoTalk wallet Business Division. Ahn also stated that users highly appreciate KakaoTalk wallet’s authentication technologies thanks to its easy-to-use features, especially in membership registrations and app installations.
Digital Authentication Service Expansion
Accordingly, the South Korean Internet company already supports Kakao employee identification cards through the KakaoTalk wallet app. Kakao also stated that it would use its platform to verify access to KakaoTalk chatrooms, channels, and live streaming. Additionally, during this month, Kakao would add a ‘wallet home’ tab, in which users can monitor all their uploaded certifications. Furthermore, Kakao would install a QR authentication service to KakaoTalk wallet to track unmanned store entry and exit.
Kakao also said that it plans to enhance digital experiences by creating more connections between users, leading companies, and SMEs. Aside from these partnerships, Kakao would also expand its certification services in collaboration with government institutions for better credential security.
