Mobile payment share in total payment transactions South Korea 2019-2023

Published by L. Yoon, May 6, 2024
In 2023, mobile easy payments made up around 24.5 percent of all payment transactions in South Korea. The use of mobile easy payment services has been on the rise, with a notable increase after the outbreak of the COVID-19 pandemic in 2020.

Share of mobile easy payments in total payment transactions in South Korea from 2019 to 2023

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Source

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Release date

March 2024

Region

South Korea

Survey time period

2019 to 2023

Supplementary notes

Mobile easy payment refers to a payment method carried out via mobile devices on which the credit or debit card data is stored. Users register their cards with the mobile payment service provider, which enables them to make online and offline payments using just a passcode or fingerprint scan, bypassing the authentication process previously required.

Transactions are based on preliminary values of average daily total personal and corporate credit/debit card transactions in South Korean franchises.

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