Electronic Payments Archives | Be Korea-savvy
S. Korea’s Electronic Payments Surge in 2018

S. Korea’s Electronic Payments Surge in 2018

SEOUL, Apr. 3 (Korea Bizwire) — The daily amount of payments made electronically nearly doubled last year as a growing number of South Koreans are carrying out their financial transactions on smartphones, central bank data showed Wednesday. The daily average for electronic financial transactions came to a record 126.1 billion won (US$111.1 million) in 2018, [...]

Electronic Payments in S. Korea Surge in Q2

Electronic Payments in S. Korea Surge in Q2

SEOUL, Sept. 20 (Korea Bizwire) — The amount of payments made electronically in South Korea continued to rally in the second quarter as a growing number of people use mobile shopping and remittance services, central bank data showed Thursday. The daily average amount of electronic financial transactions came to a record 117.4 billion won (US$104.87 [...]

Electronic Payments Increasingly Popular

Electronic Payments Increasingly Popular

SEOUL, March 30 (Korea Bizwire) – The amount of money spent through electronic payment services increased more than 13 percent last year.  According to the Bank of Korea, the average amount of money provided to electronic payment services by electronic financial business operators and banks reached an average of 252.4 billion won per day. The [...]