Kakao Pay to Incorporate KakaoTalk Remittances and Gifting into Credit Scoring

Let's take a look at our second informative news story.

Boosting your credit score via KakaoTalk.

For those who frequently use KakaoTalk to send money or gifts, these activities may soon help improve your credit score.

Kakao Pay is expanding the number of institutions that use financial activity data, such as KakaoTalk remittances and gifting, for credit evaluation to more than 20 by the end of this year.

While credit scoring was previously centered on traditional financial transaction history, it will now also reflect information from Kakao Pay payments, remittances, and gifting services.

This is expected to have a positive impact on credit evaluations, particularly for those with limited financial transaction history, such as young adults just starting their careers, homemakers, and freelancers.
※ Please note: This article was translated by AI and may contain errors.