S.Korea's mobile banking usage hits new record high in H1

Source: Xinhua| 2019-10-01 14:23:37|Editor: xuxin
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SEOUL, Oct. 1 (Xinhua) -- Mobile banking usage in South Korea hit a new record high in the first half, continuing a steady growth since the launch of two Internet-only banks in 2017, central bank data showed Tuesday.

The value of daily transactions through mobile banking services averaged a new high of 6.04 trillion won (5 billion U.S. dollars) in the January-June period, up 10.8 percent from the same period of last year, according to the Bank of Korea (BOK).

The daily mobile banking usage kept increasing from the first half of 2017 at 3.7 trillion won (3.1 billion U.S. dollars) to 5.2 trillion won (4.3 billion U.S. dollars) tallied in the first half of 2018.

The number of daily mobile banking usages was 9.09 million in the first half, up 15.5 percent from a year earlier.

The number of registered Internet and mobile banking service users rose 4.1 percent over the year to 152.62 million as of the end of June.