SEOUL, May 25 (Korea Bizwire) — South Koreans’ use of mobile banking and other online financial services increased in 2021 from two years earlier as customers preferred non-contact services amid the coronavirus pandemic, central bank data showed Wednesday. The Bank of Korea (BOK) said its 2021 survey of 3,536 Koreans aged 19 or older showed [...]
SEOUL, Aug. 25 (Korea Bizwire) — Only one month after the launch of Kakao Bank, the groundbreaking financial institution still enjoys great popularity, having already attracted some 3 million account holders. Pre-existing banks that had already entered the mobile financial space and K-Bank, the first internet bank in Korea, haven’t been able to draw as [...]
SEOUL, May 23 (Korea Bizwire) – South Korea has trumped other Asian Pacific countries in terms of mobile financial service usage, a report showed Monday. Users in South Korea had over 7 billion sessions in banking apps in 2016, which was nearly four times as many compared to Australians, according to the latest report by [...]