Number of open banking users South Korea 2019-2021

Published by L. Yoon, Jun 23, 2023
As of November 2021, the number of registered open banking users in South Korea amounted to approximately 107 million, The number of open banking users in South Korea has grown rapidly since the service was launched in December 2019.

Number of registered open banking users in South Korea from December 2019 to November 2021 (in millions)

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Release date

December 2021

Region

South Korea

Survey time period

December 2019 to November 2021

Supplementary notes

Users with more than one account were included.

Open banking refers to a banking system that allows customers to access financial services from multiple banks through a single smartphone application.

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