According to a survey by Rakuten Insight on e-payment usage in South Korea in 2022, most of the South Korean respondents across all age groups chose convenience as the top reason for using e-payment services. Almost 85 percent of people aged 24 to 34 chose this reason, while even among elderly over 55 years old, over 78.6 percent chose the same reason. The second favorite was that by using e-payment methods, people didn't need to carry much cash or cards with them.
Main reasons for making e-payments among respondents in South Korea as of October 2022, by age
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.
The survey was conducted among
368 respondents aged 16 to 24 years,
1,347 respondents aged 25 to 34 years,
1,912 respondents aged 35 to 44 years,
1,695 respondents aged 45 to 54 years and
922 respondents aged 55 years and older.
Other surveyed countries included China, Hong Kong, India, Indonesia, Vietnam, Malaysia, Philippines, Singapore and Taiwan.
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Rakuten Insight. (December 19, 2022). Main reasons for making e-payments among respondents in South Korea as of October 2022, by age [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1105981/south-korea-main-reasons-for-e-payments-by-age/
Rakuten Insight. "Main reasons for making e-payments among respondents in South Korea as of October 2022, by age." Chart. December 19, 2022. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1105981/south-korea-main-reasons-for-e-payments-by-age/
Rakuten Insight. (2022). Main reasons for making e-payments among respondents in South Korea as of October 2022, by age. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1105981/south-korea-main-reasons-for-e-payments-by-age/
Rakuten Insight. "Main Reasons for Making E-payments among Respondents in South Korea as of October 2022, by Age." Statista, Statista Inc., 19 Dec 2022, https://www.statista.com/statistics/1105981/south-korea-main-reasons-for-e-payments-by-age/
Rakuten Insight, Main reasons for making e-payments among respondents in South Korea as of October 2022, by age Statista, https://www.statista.com/statistics/1105981/south-korea-main-reasons-for-e-payments-by-age/ (last visited November 05, 2024)
Main reasons for making e-payments among respondents in South Korea as of October 2022, by age [Graph], Rakuten Insight, December 19, 2022. [Online]. Available: https://www.statista.com/statistics/1105981/south-korea-main-reasons-for-e-payments-by-age/
