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)
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Other statistics that may interest you Mobile payments in South Korea
Overview
5
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- Basic Statistic Smartphone penetration as share of population in South Korea 2019-2029
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Cashless payments
5
- Premium Statistic Share of cash in total transactions South Korea 2013-2021
- Premium Statistic Credit card transaction value South Korea 2002-2023
- Premium Statistic Debit card transaction value South Korea 2004-2023
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Mobile payments
5
- Premium Statistic Daily mobile payment transactions number South Korea 2016-2023
- Premium Statistic Daily mobile payment transactions value South Korea 2016-2023
- Premium Statistic YoY growth in payment transactions South Korea 2023, by device type
- Premium Statistic Mobile payment share in total payment transactions South Korea 2019-2023
- Premium Statistic Mobile easy payment share in digital payment transactions South Korea 2019-2023
Market share
4
- Premium Statistic Mobile payment market share South Korea 2020-2023, by provider type
- Premium Statistic Daily mobile payment transactions value South Korea 2016-2023, by provider type
- Premium Statistic Usage of mobile payment services of fintech companies South Korea 2019 to 2023
- Premium Statistic Mobile payment market size South Korea 2019-2023, by leading providers
Leading providers
6
- Premium Statistic Leading mobile payment providers in South Korea 2023
- Premium Statistic Number of mobile payment users South Korea 2022, by provider
- Premium Statistic Major retailers easy payment services South Korea 2023, by user numbers
- Premium Statistic Leading mobile payment services in South Korea 2023, by age
- Premium Statistic Revenue of Naver Financial 2019-2023
- Premium Statistic Operating income of KakaoPay 2017-2023
Further related statistics
16
- Mobile peer-to-peer payments frequency in the UK 2016
- Millennials' preferences for mobile payment provider Europe 2016
- Mobile payments use in the United Kingdom (UK) 2017, by gender
- Toss's registered app users South Korea 2021
- Mobile payment usage in-store APAC 2018
- Total value of digital payment transactions South Korea 2018, by provider
- Fees paid with mobile payment in Taiwan 2015 by type
- Australians using digital payment methods in last year Australia 2018 by type
- Median monthly carrier billing transaction value in Indonesia 2019-2020
- Reasons for using Samsung Pay in South Korea 2019
- Median monthly carrier billing transaction value in Malaysia 2019-2020
- Distribution of consumer transactions worldwide 2018, by payment channel
- Total volume of UPI-transactions from Bank of Baroda India 2020-2023
- Breakdown of mobile payment users in China 2020, by gender
- Reason for not starting to use a new e-wallet Vietnam 2021
- Industry revenue of “other non-depository credit intermediation“ in the U.S. 2012-2024
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Statistics
- Mobile peer-to-peer payments frequency in the UK 2016
- Millennials' preferences for mobile payment provider Europe 2016
- Mobile payments use in the United Kingdom (UK) 2017, by gender
- Toss's registered app users South Korea 2021
- Mobile payment usage in-store APAC 2018
- Total value of digital payment transactions South Korea 2018, by provider
- Fees paid with mobile payment in Taiwan 2015 by type
- Australians using digital payment methods in last year Australia 2018 by type
- Median monthly carrier billing transaction value in Indonesia 2019-2020
- Reasons for using Samsung Pay in South Korea 2019
- Median monthly carrier billing transaction value in Malaysia 2019-2020
- Distribution of consumer transactions worldwide 2018, by payment channel
- Total volume of UPI-transactions from Bank of Baroda India 2020-2023
- Breakdown of mobile payment users in China 2020, by gender
- Reason for not starting to use a new e-wallet Vietnam 2021
- Industry revenue of “other non-depository credit intermediation“ in the U.S. 2012-2024
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 June 10, 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 June 10, 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: June 10, 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 June 10, 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/