Main reasons for e-payment usage among respondents in South Korea 2020, by age

According to a survey by Rakuten Insight on e-payment usage, most of the South Korean respondents across all age groups chose convenience as the top reason for using e-payment services. Almost 85 percent of youths aged 16 to 24 chose this reason, while even among elderly over 55 years old, over 75 percent chose the same reason. The second favorite was that by using e-payment methods, people didn't need to carry much cash or cards with them.

Main reasons for making e-payments among respondents in South Korea in 2020, by age

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Release date

March 2020


South Korea

Survey time period

February 6 to 29, 2020

Number of respondents

9,806 respondents

Age group

16 years and older

Special properties

among female and male respondents that had made e-payment transactions

Method of interview

Online survey

Supplementary notes

Original question: What are your reasons for making e-payment transactions? (choose up to two answers)

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

The survey was conducted among
668 respondents aged 16 to 24 years,
2,561 respondents aged 25 to 34 years,
3,165 respondents aged 35 to 44 years,
2,276 respondents aged 45 to 54 years and
1,136 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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Statistics on "Economic Outlook South Korea"

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