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Kakao Bank unveils passbook for mobile community

All News 14:13 December 03, 2018

SEOUL, Dec. 3 (Yonhap) -- Internet-only Kakao Bank said Monday it has unveiled a passbook for members of mobile communities and group communication.

An administrator of a mobile community can open a passbook that can be used to collect membership fees, the bank said.

Kakao Bank unveils passbook for mobile community - 1

As many as 100 members, who are aged 14 or older, can join one passbook, the bank said.

For security reasons, the passbook's account is available for a virtual account to members of a mobile community, the bank said.

Lee Byeong-soo, a senior Kakao Bank official in charge of the passbook service, said the passbook is expected to help an administrator transparently manage financial transactions among members of a mobile community.

Controlled by Kakao Corp., the operator of the country's dominant messaging app KakaoTalk, Kakao Bank was launched in July last year.


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