More Koreans turning to digital wallets


Growing trend: Tech giants have invested more in mobile payment systems in South Korea since 2015.

IN South Korea, cash is definitely not king as more people switch to using digital wallets and mobile apps to pay for goods or services.

Only about 20% of all payments in the country are made with cash among the world’s lowest, according to the Bank of Korea. The wide range of cashless payment options plays a part.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , digital wallets , cashless

   

Next In News

Support for South Africa's ANC near 40% weeks before election, Ipsos poll shows
Kinabalu Press Awards returns: Submission deadline on May 10
Azerbaijan's Aliyev rejects criticism over journalists' arrests
Russia attacks Ukraine's rail lines to disrupt supply of U.S. arms, source says
Andrew Tate human trafficking trial can start, Romania court says
Ceasefire monitoring centre in Nagorno-Karabakh shuts as Russian peacekeepers withdraw
Supporters of Spain's Sanchez call rallies, leftists abroad urge him to stay
Copter tragedy: 1,000 congregants at KK naval base attend Yasin recitation, tahlil ceremony
Let us press on with UK migrant plan, Rwanda tells critics
Stop whining, engage and help the people instead, says PM

Others Also Read