South Korea’s PG transactions hit record 1.7234 trillion won daily

  • South Korean PG services recorded their highest average daily volume in the first half of 2026.
  • 1.7234 trillion won was the average daily PG volume, up 12.6% year on year.
  • Simple-payment transactions reached 38.22 million daily, while electronic financial firms held 55.4% by value.

Electronic payment service agency (PG) transactions in South Korea averaged a record 1.7234 trillion won ($1.2 billion) per day in the first half of 2026, up 12.6% from a year earlier, according to Bank of Korea data. Daily PG transactions rose 12.1% to 36.57 million. Credit card processing averaged 1.2796 trillion won per day, while simple-payment services using passwords or biometric authentication reached a record 1.2264 trillion won, up 16.8%, with transactions increasing 12.8% to 38.22 million. Prepaid electronic payment services, including T-money, averaged 1.5535 trillion won daily, also a record. Electronic financial companies such as Naver Pay and Kakao Pay accounted for 55.4% of simple-payment transactions by value, while simple money transfers rose 19.8% in value even as transaction numbers fell 1.5%.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.