In 2023, the daily average transaction value of mobile easy payments provided by electronic financial companies in South Korea was around 428 billion South Korean won. The market share of these fintech firms in the mobile payment industry has been consistently increasing in recent years.
Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023, by type of provider
(in billion South Korean won)
*Mobile payment providers such as Kakao Pay and Naver Financial.
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.
1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euro as of May 2024.
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Bank of Korea. (April 15, 2024). Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023, by type of provider (in billion South Korean won) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1015591/south-korea-m-payment-transactions-daily-value-by-type-of-provider/
Bank of Korea. "Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023, by type of provider (in billion South Korean won)." Chart. April 15, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1015591/south-korea-m-payment-transactions-daily-value-by-type-of-provider/
Bank of Korea. (2024). Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023, by type of provider (in billion South Korean won). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1015591/south-korea-m-payment-transactions-daily-value-by-type-of-provider/
Bank of Korea. "Average Daily Value of Mobile Easy Payment Transactions Made in South Korea from 2016 to 2023, by Type of Provider (in Billion South Korean Won)." Statista, Statista Inc., 15 Apr 2024, https://www.statista.com/statistics/1015591/south-korea-m-payment-transactions-daily-value-by-type-of-provider/
Bank of Korea, Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023, by type of provider (in billion South Korean won) Statista, https://www.statista.com/statistics/1015591/south-korea-m-payment-transactions-daily-value-by-type-of-provider/ (last visited November 23, 2024)
Average daily value of mobile easy payment transactions made in South Korea from 2016 to 2023, by type of provider (in billion South Korean won) [Graph], Bank of Korea, April 15, 2024. [Online]. Available: https://www.statista.com/statistics/1015591/south-korea-m-payment-transactions-daily-value-by-type-of-provider/
