based on the value of transactions, both online and offline
Supplementary notes
1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euro as of May 2024.
Figures have been rounded.
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
Mobile payment market size South Korea 2019-2023, by selected providers
In 2023, Naver Pay's market size was approximately **** trillion South Korean won, followed by Kakao Pay, which had a market size of around ** trillion won. The share of fintech companies such as Naver Pay and Kakao Pay in the South Korean mobile payment market has increased significantly in recent years, while the market share of banks and card companies has steadily declined.
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ChosunBiz. (March 6, 2024). Market size of mobile easy payment services in South Korea from 2019 to 2023, by selected providers (in trillion South Korean won) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 27, 2026, from /statistics/1255503/south-korea-mobile-payment-market-size-by-provider/
ChosunBiz. "Market size of mobile easy payment services in South Korea from 2019 to 2023, by selected providers (in trillion South Korean won)." Chart. March 6, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 27, 2026. /statistics/1255503/south-korea-mobile-payment-market-size-by-provider/
ChosunBiz. (2024). Market size of mobile easy payment services in South Korea from 2019 to 2023, by selected providers (in trillion South Korean won). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 27, 2026. /statistics/1255503/south-korea-mobile-payment-market-size-by-provider/
ChosunBiz. "Market Size of Mobile Easy Payment Services in South Korea from 2019 to 2023, by Selected Providers (in Trillion South Korean Won)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 6 Mar 2024, /statistics/1255503/south-korea-mobile-payment-market-size-by-provider/
ChosunBiz, Market size of mobile easy payment services in South Korea from 2019 to 2023, by selected providers (in trillion South Korean won) ÌÇÐÄÆƽâ°æ, /statistics/1255503/south-korea-mobile-payment-market-size-by-provider/ (last visited July 27, 2026)
Market size of mobile easy payment services in South Korea from 2019 to 2023, by selected providers (in trillion South Korean won) [Graph], ChosunBiz, March 6, 2024. [Online]. Available: /statistics/1255503/south-korea-mobile-payment-market-size-by-provider/
