Naver Pay and Kakao Pay stood at the second position. Naver Pay is operated by the country's top Internet portal and it received a score of 3.76. Kakao Pay is operated by South Korea's dominant instant messaging app KakaoTalk and received a score of 3.76 out of 5. Payco, which is operated by NHN Entertainment Corp., ranked fourth in the survey with a score of 3.70 points.
Most of the people who voted in the survey found the ease of use factor as the most important feature of mobile payment solutions. A majority of users (around 88%) said in the survey that they use these mobile payment solutions for payment of bills, while 10.4% users said that they use them for money transfers. Only 1.4 percent people said that they use these solutions for payment of utility bills.
