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Share of mobile payment services of fintech companies South Korea Q1 2019-Q4 2020

Share of mobile easy payment services provided by fintech companies in South Korea from the 1st quarter of 2019 to the 4th quarter of 2020

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Source

Release date

March 2021

Region

South Korea

Survey time period

Q1 2019 to Q4 2020

Supplementary notes

Based on preliminary values of average daily total personal and corporate credit/debit card transactions in South Korean franchises.

Fintech companies include ICT companies and retailers that offer mobile easy payment services. Card companies are excluded.

Mobile easy payment refers to a payment method carried out via mobile devices on which the credit or debit card data is stored. Users register their cards with the mobile payment service provider, which enables them to make online and offline payments using just a passcode or fingerprint scan, bypassing the authentication process previously required.

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Statistics on "Mobile payments in South Korea"

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