In 2023, mobile easy payment transactions accounted for approximately 48.5 percent of digital transactions conducted via mobile devices, PCs, or other methods in South Korea. The usage of mobile easy payment services has increased in recent years, especially after the outbreak of the COVID-19 pandemic in 2020.
Share of mobile easy payments in total digital payment transactions in South Korea from 2019 to 2023
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.
The figures refer to the share of mobile easy payment transactions in total payment transactions conducted via mobile devices, personal computers, or other methods.
Transactions are based on preliminary values of average daily total personal and corporate credit/debit card transactions in South Korean franchises.
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Bank of Korea. (March 25, 2024). Share of mobile easy payments in total digital payment transactions in South Korea from 2019 to 2023 [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1255045/south-korea-mobile-payment-share-in-digital-transactions/
Bank of Korea. "Share of mobile easy payments in total digital payment transactions in South Korea from 2019 to 2023." Chart. March 25, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1255045/south-korea-mobile-payment-share-in-digital-transactions/
Bank of Korea. (2024). Share of mobile easy payments in total digital payment transactions in South Korea from 2019 to 2023. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1255045/south-korea-mobile-payment-share-in-digital-transactions/
Bank of Korea. "Share of Mobile Easy Payments in Total Digital Payment Transactions in South Korea from 2019 to 2023." Statista, Statista Inc., 25 Mar 2024, https://www.statista.com/statistics/1255045/south-korea-mobile-payment-share-in-digital-transactions/
Bank of Korea, Share of mobile easy payments in total digital payment transactions in South Korea from 2019 to 2023 Statista, https://www.statista.com/statistics/1255045/south-korea-mobile-payment-share-in-digital-transactions/ (last visited November 18, 2024)
Share of mobile easy payments in total digital payment transactions in South Korea from 2019 to 2023 [Graph], Bank of Korea, March 25, 2024. [Online]. Available: https://www.statista.com/statistics/1255045/south-korea-mobile-payment-share-in-digital-transactions/
