Direct bank mobile banking usage rate South Korea 2019, by income

Published by L. Yoon, Jul 19, 2021
As of December 2019, around 29.5 percent of respondents to a survey earning over 60 million South Korean won annually stated that they used mobile banking of digital banks in South Korea, such as Kakao Bank, within the last three months. Only 5.9 percent of respondents earning less than 20 million South Korean won said they did so.

Usage rate of mobile banking services of digital banks in South Korea as of December 2019, by annual income

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Source

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Release date

March 2020

Region

South Korea

Survey time period

October 28 to December 4, 2019

Number of respondents

2,650 respondents

Age group

19 years and older

Special properties

respondents who used mobile banking within the last three months

Method of interview

Face-to-face interview

Supplementary notes

1,000 South Korean won equals 0.89 U.S. dollars or 0.74 euros as of May 2021.

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