In December 2021, the average daily value of money transferred via open banking in South Korea amounted to around 1.12 trillion South Korean won, up from about 420 billion South Korean won in December 2020. The volume of open banking transactions in South Korea has grown rapidly since the service was launched in December 2019.
Average daily value of open banking transactions in South Korea from December 2019 to December 2021 (in trillion South Korean won)
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Other statistics that may interest you Mobile banking in South Korea
Overview
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Online banking
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- Premium Statistic Online banking usage rate South Korea 2016-2022
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Mobile banking
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- Premium Statistic Mobile banking transaction value South Korea 2018-2022
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Usage
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- Premium Statistic Number of mobile banking customers South Korea 2011-2022
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Digital banks
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- Premium Statistic Major digital banks South Korea 2022, by loans and deposits
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Consumer perspective
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- Premium Statistic Frequency of bank visits South Korea 2021
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Bank of Korea. (April 27, 2022). Average daily value of open banking transactions in South Korea from December 2019 to December 2021 (in trillion South Korean won) [Graph]. In Statista. Retrieved May 06, 2024, from https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
Bank of Korea. "Average daily value of open banking transactions in South Korea from December 2019 to December 2021 (in trillion South Korean won)." Chart. April 27, 2022. Statista. Accessed May 06, 2024. https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
Bank of Korea. (2022). Average daily value of open banking transactions in South Korea from December 2019 to December 2021 (in trillion South Korean won). Statista. Statista Inc.. Accessed: May 06, 2024. https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
Bank of Korea. "Average Daily Value of Open Banking Transactions in South Korea from December 2019 to December 2021 (in Trillion South Korean Won)." Statista, Statista Inc., 27 Apr 2022, https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/
Bank of Korea, Average daily value of open banking transactions in South Korea from December 2019 to December 2021 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/ (last visited May 06, 2024)
Average daily value of open banking transactions in South Korea from December 2019 to December 2021 (in trillion South Korean won) [Graph], Bank of Korea, April 27, 2022. [Online]. Available: https://www.statista.com/statistics/1238336/south-korea-value-of-money-transferred-via-open-banking/