Number of mobile payment users South Korea 2022, by provider

Published by L. Yoon, Jun 25, 2024
As of April 2022, Naver Financial had around 31 million registered users, making it the most popular mobile payment service in South Korea. Kakao Pay came in a close second with around 30 million users. Big fintech companies like Naver Financial and Kakao Pay have been steadily increasing their market share in the South Korean mobile payment market over the past few years.

Number of mobile payment users in South Korea as of April 2022, by provider (in millions)

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Release date

October 2022

Region

South Korea

Survey time period

April 2022

Supplementary notes

Mobile payment (or 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 payments using just a passcode or fingerprint scan, bypassing the authentication process previously required.

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Mobile payments in South KoreaFintech in South KoreaNaver Corporation of South KoreaMobile banking in South KoreaKakao Bank
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