South Koreans’ internet banking use up 6.9% in H1

There are about 18.82 million use cases per day in Korea.

South Korea's use of internet banking services rose 6.9% in the first six months of 2022 compared to the second half of 2021, reports Yonhap, based on data released by the Bank of Korea (BOK).

The country logged 18.82 million daily use cases of online banking service from January to June this year, central bank data showed. This is higher than the 17.61 million use cases from July to December 2021.

ALSO READ: South Korean banks’ NIMs to support stable profitability in H2

Notably, mobile banking use rose by 9.2% to 16.93 million uses per day, according to BOK.

Internet banking daily transaction value hit $54b (KRW75.1t), also 2.8% higher than in the six months prior.

Also Read

Standard Chartered launches digital request quote module Autoquote

Citi launches Token Services for Cash for institutional clients

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit