As of April 2022, Naver Financial had around 31 million registered users, making it the most popular mobile payment service in South Korea. Kakao Pay came in a close second with around 30 million users. Big fintech companies like Naver Financial and Kakao Pay have been steadily increasing their market share in the South Korean mobile payment market over the past few years.
Number of mobile payment users in South Korea as of April 2022, by provider
(in millions)
Mobile payment (or easy payment) refers to a payment method carried out via mobile devices on which the credit or debit card data is stored. Users register their cards with the mobile payment service provider, which enables them to make payments using just a passcode or fingerprint scan, bypassing the authentication process previously required.
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Seoul Economic Daily. (October 5, 2022). Number of mobile payment users in South Korea as of April 2022, by provider (in millions) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1128355/south-korea-number-of-digital-payment-users-by-provider/
Seoul Economic Daily. "Number of mobile payment users in South Korea as of April 2022, by provider (in millions)." Chart. October 5, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1128355/south-korea-number-of-digital-payment-users-by-provider/
Seoul Economic Daily. (2022). Number of mobile payment users in South Korea as of April 2022, by provider (in millions). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1128355/south-korea-number-of-digital-payment-users-by-provider/
Seoul Economic Daily. "Number of Mobile Payment Users in South Korea as of April 2022, by Provider (in Millions)." Statista, Statista Inc., 5 Oct 2022, https://www.statista.com/statistics/1128355/south-korea-number-of-digital-payment-users-by-provider/
Seoul Economic Daily, Number of mobile payment users in South Korea as of April 2022, by provider (in millions) Statista, https://www.statista.com/statistics/1128355/south-korea-number-of-digital-payment-users-by-provider/ (last visited November 22, 2024)
Number of mobile payment users in South Korea as of April 2022, by provider (in millions) [Graph], Seoul Economic Daily, October 5, 2022. [Online]. Available: https://www.statista.com/statistics/1128355/south-korea-number-of-digital-payment-users-by-provider/
