South Korea mobile payments surpass card-present transactions at ₩1.789 trillion daily

  • South Korea recorded higher mobile payments than card-present transactions.
  • ₩1.789 trillion, approximately $1.3 billion, was paid daily through mobile phones.
  • Easy payment services store card information and authenticate users through fingerprints.

Mobile phone payments in South Korea made without using a physical card averaged ₩1.789 trillion, or approximately $1.3 billion, per day. That surpassed transactions conducted with a card physically present. The figures include easy payment services, which store card information in advance and authenticate users through fingerprint-based verification.

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