Open banking transaction value South Korea 2019-2023

Published by L. Yoon, Jun 25, 2024

In 2023, the average daily value of money transferred via open banking in South Korea amounted to around 1.7 trillion South Korean won, up from about 1.4 trillion won in the previous year. The value of open banking transactions has rapidly increased since the service was launched in December 2019.

Average daily value of open banking transactions in South Korea from 2019 to 2023 (in trillion South Korean won)

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

March 2024

Region

South Korea

Survey time period

2019 to 2023

Supplementary notes

Open banking refers to a banking system that allows customers to access financial services from multiple banks through a single smartphone application.

1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euro as of May 2024.

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Mobile banking in South Korea "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Mobile banking in South Korea

Overview

6

Online banking

4

Mobile banking

4

Usage

5

Digital banks

7

Consumer perspective

5

Further related statistics

19

Further Content: You might find this interesting as well

Statistics

Topics

Mobile banking in South KoreaSmartphone usage in South KoreaFintech in South KoreaBanking industry in South KoreaKakao Bank
All features, all contents, at all times: Learn more about our professional solutions.

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.