According to a survey conducted in South Korea in 2021, about 14.6 percent of reported payments were made in cash. The share of cash in total payment transaction value has decreased over the years, while credit cards have become the most used payment method.
Share of cash in total payment transactions in South Korea from 2013 to 2021
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Other statistics that may interest you Mobile payments in South Korea
Overview
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Cashless payments
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Mobile payments
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Market share
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Leading providers
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- Premium Statistic Leading mobile payment providers in South Korea 2023
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Further related statistics
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Statistics
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- Preferred payment method for in-store purchases under 35 Singapore dollars 2019
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Bank of Korea. (May 13, 2022). Share of cash in total payment transactions in South Korea from 2013 to 2021 [Graph]. In Statista. Retrieved June 10, 2024, from https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/
Bank of Korea. "Share of cash in total payment transactions in South Korea from 2013 to 2021." Chart. May 13, 2022. Statista. Accessed June 10, 2024. https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/
Bank of Korea. (2022). Share of cash in total payment transactions in South Korea from 2013 to 2021. Statista. Statista Inc.. Accessed: June 10, 2024. https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/
Bank of Korea. "Share of Cash in Total Payment Transactions in South Korea from 2013 to 2021." Statista, Statista Inc., 13 May 2022, https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/
Bank of Korea, Share of cash in total payment transactions in South Korea from 2013 to 2021 Statista, https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/ (last visited June 10, 2024)
Share of cash in total payment transactions in South Korea from 2013 to 2021 [Graph], Bank of Korea, May 13, 2022. [Online]. Available: https://www.statista.com/statistics/1258910/south-korea-share-of-cash-in-total-transactions/