Face-to-face and non-face-to-face payment transaction value South Korea 2019-2023

Published by L. Yoon, May 6, 2024
In 2023, the transaction value of face-to-face payments amounted to around 1.8 trillion South Korean won. Non-face-to-face payments also increased, reaching a transaction value of over one trillion South Korean won.

Value of face-to-face and non-face-to-face payment transactions in South Korea from 2019 to 2023 (in billion South Korean won)

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Release date

March 2024

Region

South Korea

Survey time period

2019 to 2023

Special properties

based on reports from card companies

Supplementary notes

*Non-face-to-face payments refer to "device-not-present" transactions, including online payments and payments made offline via mobile applications without physical contact between the device and the card reader.

Figures are based on preliminary values of average daily total personal and corporate credit/debit card transactions in South Korean franchises.

1,000 South Korean won equals 0.73 U.S. dollars or 0.68 euro as of May 2024.

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