e-payment Archives | Be Korea-savvy

E-Payment Services and Direct-Bank Usage Highest Among 30-Somethings

SEOUL, March 16 (Korea Bizwire) — Quick, simple and easy is how a growing number of South Koreans are choosing to handle their transactions, evidenced by a recent study that revealed 51.7 percent of 2,530 adults (ages 25 – 64) use an e-payment service offered by credit card firms, retailers and internet companies such as [...]

Electronic Payments Hit Record High in 2016

SEOUL, Mar. 23 (Korea Bizwire) — The amount of payments made electronically hit a record high in 2016, central bank data showed Wednesday, underscoring the growing trend of South Koreans using electronic means for financial transactions. The daily average amount of electronic financial transactions came to 343.5 billion won (US$306 million) in 2016, up 36.1 [...]