Nearly 60% South Koreans are using mobile payment services, according to data released by the South Korean Financial Investor Protection Foundation in Wednesday, Yonhap reported 17th.
![](https://i0.wp.com/paypay.me/"wp-content/uploads"/2019/04/flag-3029663__340.png?resize=498%2C489&ssl=1)
In December last year, the foundation conducted a survey of 2,530 people aged 25-64 in Seoul, the capital Circle and the 6 metropolitan cities of South Korea (the equivalent of municipalities). The results showed that 56.8% of respondents are using mobile payment services, up 5.1 percentage points from last year.
In terms of age, the proportion of mobile payment users among respondents aged 25-29 was the highest, at 70.1%, followed by 30-39 years (67%), 40-49 years (58.2%), 50-59 years (46.9%) and 60-64 years (39.9%).
In addition, the average monthly consumption of mobile payment users is 710,000 won, an increase of 80,000 won over last year. Specifically, people aged 50-59 spent the most, 820,000 won, followed by those aged 40-49 (750,000 won), 60-64 (720,000 won), 30-39 (650,000 won) and 25-29 (600,000 won).