In the first half of 2022, electronic financial business entities accounted for 50 percent of the mobile easy payment market in South Korea, followed by financial companies with a market share of 28 percent. The share of fintech companies such as Naver Pay and Kakao Pay in the South Korean mobile payment market has increased significantly in recent years, while the market share of banks and card companies has steadily declined.
Market share of mobile easy payment providers in South Korea from 2016 to 1st half 2022, by type of provider
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Other statistics that may interest you Mobile payments in South Korea
Overview
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Cashless payments
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Mobile payments
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Market share
4
- Premium Statistic Mobile payment market share South Korea 2016-H1 2022, by provider type
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Leading providers
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- Premium Statistic Leading mobile payment providers in South Korea 2021
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User behavior
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- Premium Statistic Leading mobile payment services in South Korea 2021, by age
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- Premium Statistic Main reasons for e-payment usage among respondents in South Korea 2022
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The Economist. (March 20, 2023). Market share of mobile easy payment providers in South Korea from 2016 to 1st half 2022, by type of provider [Graph]. In Statista. Retrieved April 26, 2024, from https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/
The Economist. "Market share of mobile easy payment providers in South Korea from 2016 to 1st half 2022, by type of provider." Chart. March 20, 2023. Statista. Accessed April 26, 2024. https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/
The Economist. (2023). Market share of mobile easy payment providers in South Korea from 2016 to 1st half 2022, by type of provider. Statista. Statista Inc.. Accessed: April 26, 2024. https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/
The Economist. "Market Share of Mobile Easy Payment Providers in South Korea from 2016 to 1st Half 2022, by Type of Provider." Statista, Statista Inc., 20 Mar 2023, https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/
The Economist, Market share of mobile easy payment providers in South Korea from 2016 to 1st half 2022, by type of provider Statista, https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/ (last visited April 26, 2024)
Market share of mobile easy payment providers in South Korea from 2016 to 1st half 2022, by type of provider [Graph], The Economist, March 20, 2023. [Online]. Available: https://www.statista.com/statistics/1255246/south-korea-mobile-payment-market-share-by-provider-type/