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Enable Payment Solutions in South Korea

South Korean won

Digital payments are a popular choice in South Korea, where almost two-thirds of the population pay with mobile wallets. In fact, it is one of the world’s leading markets when it comes to digital wallet usage

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Zota - Payment solutions in South Korea
Zota - Payment solutions in South Korea
South Korea flag

Population

51,744,876

Banked Population:

98.67%

Group 427321246

Main industries

Electronics, Automobiles, Telecommunications, Shipbuilding, Chemicals, and Steel

Group 427321247

Main imports

Refined & Crude Petroleum, Petroleum Gas, Integrated Circuits, and Cars

Group 427321248

Main exports

Integrated Circuits, Cars, Refined Petroleum, Passenger and Cargo Ships, and Motor Vehicles (parts and accessories)

GDP stats

$34,997.8

Per capita (USD)

4.1%

Growth annually

12

World ranking

Internet usage

98%

Smartphone usage

97.4%

Credit/debit card usage

55%

Population transacting electronically

74%

Cash Usage

12%

Group 427321245 1

Total volume of digital payments projected to reach

$190.40B (USD)

Payment Methods in South Korea

All
  • All Methods
  • P2P

P2P