According to a survey by Rakuten Insight on e-payment usage in South Korea in 2022, the large majority of e-payment users indicated convenience as the top reason for making e-payment transactions. Not having to carry around cash and physical cards was also noted by over 53 percent of respondents.
Main reasons for making e-payments among respondents in South Korea as of October 2022
Characteristic
Share of respondents
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among female and male respondents that had made e-payment transactions
Method of interview
Online survey
Supplementary notes
Original question: "What are your reasons for making e-payment transactions?(choose up to two answers)"
The survey was conducted among 2,818 female and 3,426 male respondents. Other surveyed countries included China, Hong Kong, India, Indonesia, Vietnam, Malaysia, Philippines, Singapore and Taiwan.
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Rakuten Insight. (December 29, 2022). Main reasons for making e-payments among respondents in South Korea as of October 2022 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1105971/south-korea-main-reasons-for-e-payments/
Rakuten Insight. "Main reasons for making e-payments among respondents in South Korea as of October 2022." Chart. December 29, 2022. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1105971/south-korea-main-reasons-for-e-payments/
Rakuten Insight. (2022). Main reasons for making e-payments among respondents in South Korea as of October 2022. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1105971/south-korea-main-reasons-for-e-payments/
Rakuten Insight. "Main Reasons for Making E-payments among Respondents in South Korea as of October 2022." Statista, Statista Inc., 29 Dec 2022, https://www.statista.com/statistics/1105971/south-korea-main-reasons-for-e-payments/
Rakuten Insight, Main reasons for making e-payments among respondents in South Korea as of October 2022 Statista, https://www.statista.com/statistics/1105971/south-korea-main-reasons-for-e-payments/ (last visited August 24, 2024)
Main reasons for making e-payments among respondents in South Korea as of October 2022 [Graph], Rakuten Insight, December 29, 2022. [Online]. Available: https://www.statista.com/statistics/1105971/south-korea-main-reasons-for-e-payments/