Most Popular

1
Contentious grain bill put directly to plenary meeting for vote
2
Yoon's approval rating plunges to all-time low
3
Will tug-of-war between doctors, government end soon?
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen

6
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
7
North Korea removes streetlights along cross-border roads with South
8
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
9
S. Korea votes in favor of Palestinian bid for UN membership
10
Farming households dip below 1m for first time in 2023

NewsletterSubscribe

Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

[Graphic News] Credit cards used for half of transactions: BOK

By Korea Herald

Published : Dec. 25, 2016 - 18:05

- Link copied

The Bank of Korea said the most used payment method in 2016 has been the credit card, used for 54.8 percent of payments, followed by debit cards, account transfers and cash.

A survey of 2,500 adults by the Bank of Korea showed that credit cards were the most used payment method of 2015, accounting for 50.6 percent of financial transactions, compared to 34.2 percent a year earlier.

South Koreans used credit cards for transactions most often at gas stations, discount stores and department stores.

In comparison, cash made up 26 percent of transactions in 2015, down from 37.7 percent in 2014, the data showed.

Korea Herald
Korea Herald
Articles by Korea Herald

[Graphic News] Credit cards used for half of transactions: BOK

More from Headlines