In December 2020, the year-over-year (YoY) growth in mobile easy payment transactions of electronic financial business entities in South Korea reached around
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percent, while mobile phone manufacturers recorded a negative growth of
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percent.
The usage rate of mobile payment services offered by electronic financial business entities increased mainly in the first and last half of 2020, when economic activities were partially restricted due to increased COVID-19 cases. In contrast, the use of mobile phone manufacturers' payment services declined over the same period, as they are predominantly used in offline stores.
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Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider
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*Mobile payment providers such as Kakao Pay, Naver Financial, and Coupang.
**Mobile payment providers such as Samsung Pay and LG Pay.
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.
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Bank of Korea. (April 28, 2021). Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider [Graph]. In Statista. Retrieved August 13, 2025, from https://www.statista.com/statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
Bank of Korea. "Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider." Chart. April 28, 2021. Statista. Accessed August 13, 2025. https://www.statista.com/statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
Bank of Korea. (2021). Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider. Statista. Statista Inc.. Accessed: August 13, 2025. https://www.statista.com/statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
Bank of Korea. "Year-over-year (Yoy) Growth Rate of Mobile Easy Payment Transactions in South Korea from October 2019 to December 2020, by Type of Provider." Statista, Statista Inc., 28 Apr 2021, https://www.statista.com/statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
Bank of Korea, Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider Statista, https://www.statista.com/statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/ (last visited August 13, 2025)
Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider [Graph], Bank of Korea, April 28, 2021. [Online]. Available: https://www.statista.com/statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
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