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Value of digital payment transactions South Korea 2016-2018

In 2018, over 80 trillion South Korean won worth of digital payment transactions were made in South Korea. Digital payment here, also called Simple Payment service in Korean, refers to a type of FinTech that started to grow in South Korea after the abolition of compulsory public key certificate use for online payments that happened in 2015. Consumers can make payments using simple methods of authentication, such as an SMS code or a QR code.

Value of digital payment transactions in South Korea from 2016 to 2018

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Source

Release date

April 2019

Region

South Korea

Survey time period

2016 to 2018

Supplementary notes

Note: 1,000 South Korean won equal 0.83 U.S. dollars and 0.73 euros (as of June 2020).
Figures have been rounded.

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Statistics on "FinTech in South Korea"

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