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S. Korean Users of Internet Banking Rise 6.7 PCT in 2004

Wednesday 26 January 2005 20:44 CET | News

The number of Internet banking users in South Korea gained nearly 7 per cent last year from a year ago, with the use of mobile banking rising fast, the South korean central bank reported.

Users of Internet banking offered by 20 commercial and policy banks numbered 24.27 million at the end of 2004, up 6.7 per cent from a year ago. South Korea is the worlds most wired country, with nearly two-thirds of its homes having broadband Internet access. Of the total Internet banking users, companies amounted to 1.18 million, up 17.5 per cent from the previous year. Internet banking transactions reached a daily average of 8.99 million last year, up 24.6 per cent from a year earlier. In particular, the use of mobile banking shot up 145 per cent to 6.28 million in December from a year ago.


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Categories: Banking & Fintech | Online & Mobile Banking
Countries: World
This article is part of category

Banking & Fintech