E-payment usage among respondents in South Korea 2020, by age

According to a survey by Rakuten Insight on e-payment usage, the majority of South Korean respondents stated that they had made transactions using e-payment methods. Respondents aged 25 to 34 years old showed the highest share of positive responses, nearly 90 percent, followed about around 87 percent of people aged 16 to 24 years old. The share of respondents who had used e-payment methods before dropped among older people. Less than 74 percent of elderly over 55 years old said they used e-paymen methods. The top reason for using e-payments, according to 80 percent of respondents, was their convenience.

Share of e-payment users among respondents in South Korea in 2020, by age

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Source

Release date

March 2020

Region

South Korea

Survey time period

February 6 to 29, 2020

Number of respondents

11,722 respondents

Age group

16 years and older

Special properties

among female and male respondents

Method of interview

Online survey

Supplementary notes

Original question: Have you made a transaction using e-payment methods?

The survey was conducted among 5,210 female and 6,512 male respondents.

The survey was conducted among
766 respondents aged 16 to 24 years,
2,867 respondents aged 25 to 34 years,
3,688 respondents aged 35 to 44 years,
2,858 respondents aged 45 to 54 years and
1,543 respondents aged 55 years and older.

Other surveyed countries included China, Hong Kong, India, Indonesia, Vietnam, Malaysia, Philippines, Singapore and Taiwan.

Note: Figures have been rounded.

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