In 2023, fintech companies offering mobile payment services had taken over about 68 percent of the total mobile payments market in South Korea. The share of these companies has been increasing significantly in recent years.
Usage of mobile easy payment services provided by fintech companies in South Korea from 2019 to 2023
Based on preliminary values of average daily total personal and corporate credit/debit card transactions in South Korean franchises.
Fintech companies include ICT companies and retailers that offer mobile easy payment services. Card companies were excluded.
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. (March 25, 2024). Usage of mobile easy payment services provided by fintech companies in South Korea from 2019 to 2023 [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/1255071/south-korea-share-of-mobile-payment-services-of-fintech-companies/
Bank of Korea. "Usage of mobile easy payment services provided by fintech companies in South Korea from 2019 to 2023." Chart. March 25, 2024. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/1255071/south-korea-share-of-mobile-payment-services-of-fintech-companies/
Bank of Korea. (2024). Usage of mobile easy payment services provided by fintech companies in South Korea from 2019 to 2023. Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/1255071/south-korea-share-of-mobile-payment-services-of-fintech-companies/
Bank of Korea. "Usage of Mobile Easy Payment Services Provided by Fintech Companies in South Korea from 2019 to 2023." Statista, Statista Inc., 25 Mar 2024, https://www.statista.com/statistics/1255071/south-korea-share-of-mobile-payment-services-of-fintech-companies/
Bank of Korea, Usage of mobile easy payment services provided by fintech companies in South Korea from 2019 to 2023 Statista, https://www.statista.com/statistics/1255071/south-korea-share-of-mobile-payment-services-of-fintech-companies/ (last visited November 04, 2024)
Usage of mobile easy payment services provided by fintech companies in South Korea from 2019 to 2023 [Graph], Bank of Korea, March 25, 2024. [Online]. Available: https://www.statista.com/statistics/1255071/south-korea-share-of-mobile-payment-services-of-fintech-companies/
