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Electronic Payments Hit Record High in 2020 amid Pandemic

Electronic Payments Hit Record High in 2020 amid Pandemic

SEOUL, March 29 (Korea Bizwire) – The amount of payments made electronically hit a record high last year, central bank data showed Monday, as the COVID-19 pandemic prompted people to engage in contact-free commerce. The daily average amount of electronic financial transactions came to 705.5 billion won (US$624 million) in 2020, up 32.7 percent from [...]