In 2023, the transaction value of face-to-face payments amounted to around 1.8 trillion South Korean won. Non-face-to-face payments also increased, reaching a transaction value of over one trillion South Korean won.
Value of face-to-face and non-face-to-face payment transactions in South Korea from 2019 to 2023
(in billion South Korean won)
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Value of face-to-face and non-face-to-face payment transactions in South Korea from 2019 to 2023
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*Non-face-to-face payments refer to "device-not-present" transactions, including online payments and payments made offline via mobile applications without physical contact between the device and the card reader.
Figures are based on preliminary values of average daily total personal and corporate credit/debit card transactions in South Korean franchises.
1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euro as of May 2024.
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Bank of Korea. (March 25, 2024). Value of face-to-face and non-face-to-face payment transactions in South Korea from 2019 to 2023 (in billion South Korean won) [Graph]. In Statista. Retrieved April 19, 2025, from https://www.statista.com/statistics/1255683/south-korea-face-to-face-and-non-face-to-face-payment-transactions/
Bank of Korea. "Value of face-to-face and non-face-to-face payment transactions in South Korea from 2019 to 2023 (in billion South Korean won)." Chart. March 25, 2024. Statista. Accessed April 19, 2025. https://www.statista.com/statistics/1255683/south-korea-face-to-face-and-non-face-to-face-payment-transactions/
Bank of Korea. (2024). Value of face-to-face and non-face-to-face payment transactions in South Korea from 2019 to 2023 (in billion South Korean won). Statista. Statista Inc.. Accessed: April 19, 2025. https://www.statista.com/statistics/1255683/south-korea-face-to-face-and-non-face-to-face-payment-transactions/
Bank of Korea. "Value of Face-to-face and Non-face-to-face Payment Transactions in South Korea from 2019 to 2023 (in Billion South Korean Won)." Statista, Statista Inc., 25 Mar 2024, https://www.statista.com/statistics/1255683/south-korea-face-to-face-and-non-face-to-face-payment-transactions/
Bank of Korea, Value of face-to-face and non-face-to-face payment transactions in South Korea from 2019 to 2023 (in billion South Korean won) Statista, https://www.statista.com/statistics/1255683/south-korea-face-to-face-and-non-face-to-face-payment-transactions/ (last visited April 19, 2025)
Value of face-to-face and non-face-to-face payment transactions in South Korea from 2019 to 2023 (in billion South Korean won) [Graph], Bank of Korea, March 25, 2024. [Online]. Available: https://www.statista.com/statistics/1255683/south-korea-face-to-face-and-non-face-to-face-payment-transactions/
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