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YoY growth in payment transactions South Korea 2023, by device type

Published by L. Yoon, May 6, 2024
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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Release date

March 2024

Region

South Korea

Survey time period

2023

Supplementary notes

*Credit and debit cards used for face-to-face payments.

Based on preliminary values of average daily total personal and corporate credit/debit card transactions in South Korean franchises.

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