South Korea is a leader in mobile payments, with a highly digitalized payment landscape dominated by platforms like KakaoPay, Naver Pay, and Samsung Pay. Cash usage is declining, particularly among younger generations. Online banking is prevalent, and electronic bank transfers are routinely used. South Korea consistently ranks highly in global digitalization indices, reflecting its robust digital infrastructure and high levels of digital literacy among its population. This combination of factors has fueled the rapid growth of digital payment solutions, making it a leader in the global cashless trend.
Estimated Population
51.8 million
Currency
South Korean won (KRW)
All supported payment methods for South Korea:
Naver Pay, Samsung Pay, KakaoPay, Visa, Mastercard, American Express, JCB, UnionPay International, Discover, Diners Club, Apple Pay, Google Pay, PayPal, MaestroPopular payment methods
Naver Pay
Wallets
Naver Pay is South Korea’s leading mobile payment solution, offering businesses access to a vast and engaged customer base in a rapidly growing digital economy.
Samsung Pay
Wallets
Samsung Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers with Android devices.
KakaoPay
Wallets
KakaoPay is South Korea’s leading mobile payment platform, offering businesses access to a vast and engaged customer base in a rapidly growing digital economy.
Mastercard
Credit/Debit Cards
Unlock a world of payment possibilities with Mastercard, a trusted global leader in secure and convenient transactions
American Express
Credit/Debit Cards
Elevate your business with American Express, a premium payment network that attracts discerning customers and drives higher-value transactions.
JCB
Credit/Debit Cards
JCB is a leading international payment network, offering a unique opportunity for businesses to reach a growing customer base, especially in Asia-Pacific.
UnionPay International
Credit/Debit Cards
UnionPay is the world’s largest payment network, offering businesses the opportunity to tap into the vast Chinese market and beyond.
Discover
Credit/Debit Cards
Discover is a leading payment network that offers a unique combination of security, rewards, and customer service, making it an attractive option for businesses.
Diners Club
Credit/Debit Cards
Diners Club is a global payment network renowned for its premium services and exclusive benefits, offering businesses access to a discerning clientele.
Apple Pay
Wallets
Apple Pay offers businesses a convenient and secure way to accept payments from iPhone, Apple Watch, and Mac users, enhancing the customer experience and boosting sales.
Google Pay
Wallets
Google Pay empowers businesses to offer a fast, secure, and convenient mobile payment experience, attracting a wide range of customers.