KakaoPay is reportedly in talks to acquire ‘SsgPay’ from Shinsegae Group’s SSG.com and ‘SmilePay’ from GMarket. The sale price is estimated to be around 500 billion won, and if successful, it could increase KakaoPay’s market share in the easy payment market. The combined user base of the two services is about 25 million. SSG.com has announced the spin-off of its SsgPay business unit into a new entity, ‘Platinum Payments’, effective from July 1st, which some interpret as a preparatory measure for a future sale.
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Auto-posted at: 2025-05-23 21:02:45