Value of mobile payment transactions South Korea 2016-2018

Published by L. Yoon, Aug 4, 2021
In 2018, around 80 trillion South Korean won worth of mobile payment transactions were made in South Korea. Mobile payment here, also called simple payment service in Korean, refers to a type of FinTech that started to grow in South Korea after the abolition of compulsory public key certificate use for online payments that happened in 2015. Consumers can make payments using simple methods of authentication, such as an SMS code or a QR code.

Value of mobile payment transactions in South Korea from 2016 to 2018 (in trillion South Korean won)

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Release date

April 2019

Region

South Korea

Survey time period

2016 to 2018

Supplementary notes

1,000 South Korean won equals 0.87 U.S. dollars or 0.73 euros as of August 2021.

Figures have been rounded.

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