BUSINESS S.Korea's mobile banking services usage posts double-digit growth in 2019

BUSINESS

S.Korea's mobile banking services usage posts double-digit growth in 2019

Xinhua

15:58, April 01, 2020

fe9fb82ef28a4b9a9613737b8f406daf.jpg

File photo

SEOUL, April 1 (Xinhua) -- South Korea's mobile banking services usage posted a double-digit growth last year due to the convenience of the services, central bank data showed Wednesday.

The daily average number of mobile banking services usage reached 96.86 million in 2019, up 29.3 percent from a year earlier, according to the Bank of Korea (BOK).

In terms of value, it amounted to 6.4 trillion won (5.2 billion U.S. dollars) last year, up 19.6 percent from the previous year.

The daily loan application through the Internet banking services, including mobile banking services, averaged 15,000 in terms of number and 192 billion won (156 million U.S. dollars) in terms of value each in 2019.

It was attributed to the opening of Internet-only banks such as Kakao Bank and K-Bank.

The number of customers using the Internet banking services was 159.23 in 2019, up 8.6 percent from the previous year.

The number of mobile banking services users gained 15.5 percent over the year to 120.95 million last year.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue