*Mobile payment providers such as Kakao Pay, Naver Financial, and Coupang.
**Mobile payment providers such as Samsung Pay and LG Pay.
Mobile easy payment refers to a payment method carried out via mobile devices on which the credit or debit card data is stored. Users register their cards with the mobile payment service provider, which enables them to make online and offline payments using just a passcode or fingerprint scan, bypassing the authentication process previously required.
Citation formats
YoY mobile payment transaction growth South Korea 2019-2020, by provider type
In December 2020, the year-over-year (YoY) growth in mobile easy payment transactions of electronic financial business entities in South Korea reached around **** percent, while mobile phone manufacturers recorded a negative growth of *** percent.
The usage rate of mobile payment services offered by electronic financial business entities increased mainly in the first and last half of 2020, when economic activities were partially restricted due to increased COVID-19 cases. In contrast, the use of mobile phone manufacturers' payment services declined over the same period, as they are predominantly used in offline stores.
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Bank of Korea. (April 28, 2021). Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
Bank of Korea. "Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider." Chart. April 28, 2021. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
Bank of Korea. (2021). Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
Bank of Korea. "Year-over-year (Yoy) Growth Rate of Mobile Easy Payment Transactions in South Korea from October 2019 to December 2020, by Type of Provider." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 28 Apr 2021, /statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
Bank of Korea, Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider ÌÇÐÄÆƽâ°æ, /statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/ (last visited July 30, 2026)
Year-over-year (YoY) growth rate of mobile easy payment transactions in South Korea from October 2019 to December 2020, by type of provider [Graph], Bank of Korea, April 28, 2021. [Online]. Available: /statistics/1254923/south-korea-yoy-mobile-payment-transaction-growth-by-provider-type/
