Share of cash in total transactions South Korea 2013-2021

Published by L. Yoon, Jan 22, 2024
According to a survey conducted in South Korea in 2021, about 14.6 percent of reported payments were made in cash. The share of cash in total payment transaction value has decreased over the years, while credit cards have become the most used payment method.

Share of cash in total payment transactions in South Korea from 2013 to 2021

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Source

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Release date

May 2022

Region

South Korea

Survey time period

2013 to 2021

Number of respondents

3,536 respondents

Age group

19 years and older

Method of interview

Face-to-face interview

Supplementary notes

Based on the total value of payment transactions.

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