In 2023, approximately half of the mobile easy payment market in South Korea was dominated by electronic financial business entities. Financial companies and mobile phone manufacturers held a market share of around 26 percent each. The share of fintech companies, such as Naver Pay and Kakao Pay, in the South Korean mobile payment market has increased significantly in recent years. In contrast, the market share of banks and card companies has been steadily declining.
Market share of mobile easy payment providers in South Korea from 2020 to 2023, by type of provider
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Other statistics that may interest you Mobile payments in South Korea
Overview
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Mobile payments
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Market share
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- Premium Statistic Mobile payment market share South Korea 2020-2023, by provider type
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Leading providers
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Bank of Korea. (March 18, 2024). Market share of mobile easy payment providers in South Korea from 2020 to 2023, by type of provider [Graph]. In Statista. Retrieved June 17, 2024, from https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/
Bank of Korea. "Market share of mobile easy payment providers in South Korea from 2020 to 2023, by type of provider." Chart. March 18, 2024. Statista. Accessed June 17, 2024. https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/
Bank of Korea. (2024). Market share of mobile easy payment providers in South Korea from 2020 to 2023, by type of provider. Statista. Statista Inc.. Accessed: June 17, 2024. https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/
Bank of Korea. "Market Share of Mobile Easy Payment Providers in South Korea from 2020 to 2023, by Type of Provider." Statista, Statista Inc., 18 Mar 2024, https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/
Bank of Korea, Market share of mobile easy payment providers in South Korea from 2020 to 2023, by type of provider Statista, https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/ (last visited June 17, 2024)
Market share of mobile easy payment providers in South Korea from 2020 to 2023, by type of provider [Graph], Bank of Korea, March 18, 2024. [Online]. Available: https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/