Korea's 'simplified payments' in 2018 mark around US$ 70.7 bil.

Arirang News 2019-04-17

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'○○페이' 전성시대…지난해 간편결제 사용액 80조 넘어

Commercial transactions made through simple, easy and swift types of payments topped 70-billion U.S. dollars last year...up from around 44-billion in 2017.
They refer to transactions made on mobile devices that require simple verification procedures... after logging in the respective website.
According to the Financial Supervisory Service, the number of transactions also jumped last year...standing at around 2-point-4 billion,... mainly due to an increase in the number of businesses that take online and mobile payments.
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