According to a survey conducted in South Korea in 2021, about 14.6 percent of reported payments were made in cash. The share of cash in total payment transaction value has decreased over the years, while credit cards have become the most used payment method.
Share of cash in total payment transactions in South Korea from 2013 to 2021
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Bank of Korea. (May 13, 2022). Share of cash in total payment transactions in South Korea from 2013 to 2021 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/
Bank of Korea. "Share of cash in total payment transactions in South Korea from 2013 to 2021." Chart. May 13, 2022. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/
Bank of Korea. (2022). Share of cash in total payment transactions in South Korea from 2013 to 2021. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/
Bank of Korea. "Share of Cash in Total Payment Transactions in South Korea from 2013 to 2021." Statista, Statista Inc., 13 May 2022, https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/
Bank of Korea, Share of cash in total payment transactions in South Korea from 2013 to 2021 Statista, https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/ (last visited November 23, 2024)
Share of cash in total payment transactions in South Korea from 2013 to 2021 [Graph], Bank of Korea, May 13, 2022. [Online]. Available: https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/
