In 2023, payments made through devices such as mobile devices and PCs increased by approximately 10.8 percent year-over-year. On the other hand, card payments saw a growth of around 1.9 percent. The use of mobile payment methods has become increasingly common in South Korea, particularly after the outbreak of the COVID-19 pandemic in 2020.
Year-over-Year (YoY) growth in payment transactions in South Korea in 2023, by type of device
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Year-over-Year (YoY) growth in payment transactions in South Korea in 2023, by type of device
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Bank of Korea. (March 25, 2024). Year-over-Year (YoY) growth in payment transactions in South Korea in 2023, by type of device [Graph]. In Statista. Retrieved May 04, 2025, from https://www.statista.com/statistics/1255708/south-korea-yoy-payment-transaction-growth-by-device-type/
Bank of Korea. "Year-over-Year (YoY) growth in payment transactions in South Korea in 2023, by type of device." Chart. March 25, 2024. Statista. Accessed May 04, 2025. https://www.statista.com/statistics/1255708/south-korea-yoy-payment-transaction-growth-by-device-type/
Bank of Korea. (2024). Year-over-Year (YoY) growth in payment transactions in South Korea in 2023, by type of device. Statista. Statista Inc.. Accessed: May 04, 2025. https://www.statista.com/statistics/1255708/south-korea-yoy-payment-transaction-growth-by-device-type/
Bank of Korea. "Year-over-year (Yoy) Growth in Payment Transactions in South Korea in 2023, by Type of Device." Statista, Statista Inc., 25 Mar 2024, https://www.statista.com/statistics/1255708/south-korea-yoy-payment-transaction-growth-by-device-type/
Bank of Korea, Year-over-Year (YoY) growth in payment transactions in South Korea in 2023, by type of device Statista, https://www.statista.com/statistics/1255708/south-korea-yoy-payment-transaction-growth-by-device-type/ (last visited May 04, 2025)
Year-over-Year (YoY) growth in payment transactions in South Korea in 2023, by type of device [Graph], Bank of Korea, March 25, 2024. [Online]. Available: https://www.statista.com/statistics/1255708/south-korea-yoy-payment-transaction-growth-by-device-type/
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