Using simple payment apps (KakaoPay, Toss and others)

Simple payment apps link your account or card to make transfers and payments easy. They are simpler than bank apps.

What you can do

• Transfers — send to a friend knowing only their phone number
• Payments — QR or barcode payment in shops
• Splitting bills
• Paying utilities and transport
• Checking balances and spending

Steps

1. Install the app.
2. Verify your identity. You need a phone in your own name and your Alien Registration Card.
3. Link an account or card.
4. Set a payment PIN.
5. Try a small amount first.

What you need

• A phone in your own name
• Alien Registration Card
• A bank account or card

Where to go

• Each app's customer centre
• 1332 Financial Supervisory Service
• 112 to report fraud · 1332 voice phishing advice

Questions people ask

Can foreign residents sign up? Usually yes, with a phone in your name and an Alien Registration Card. Some apps have restrictions.

Are there limits? Yes. Transfer limits depend on your level of identity verification.

I sent money to the wrong person. If they will not return it, there is a mistaken-transfer return scheme. Contact 1332.

Can I send money abroad? Some apps support it. Compare fees and rates with your bank.

Take care

Never install an app from a link sent by a stranger. Texts saying "you have a refund" or "your parcel was returned" are fraud. Install only from the official app store. Always check the recipient's name before sending.

Related

mobile-banking · phone-verification · remittance-app · bank-account

Source

Financial Supervisory Service fine.fss.or.kr / As of 2026-08