Driven by mobile-centered e-commerce and the spread of digital financial transactions, Korea's electronic financial services market posted double-digit growth last year.
According to the "2025 electronic financial services operating performance" report released by the Financial Supervisory Service on the 17th, last year's revenue in electronic financial services was 12 trillion won, up 1.6 trillion won (15.4%) from the previous year's 10.4 trillion won. By segment, payment gateway (PG) revenue was 9 trillion won, and prepaid business revenue was about 2.2 trillion won.
At the end of last year, the number of registered electronic financial services companies was 241, up 34 (16.4%) from the end of the previous year. By segment, PGs were the most at 190. Issuers and managers of prepaid electronic payment instruments totaled 120. Issuers and managers of debit electronic payment instruments numbered 35, and payment escrow operators were 48.
As of the end of last year, 29 electronic financial service providers failed to meet management guidance standards such as capital requirements, up one from the previous year. Of these, 21 had consistently failed to meet the standards since 2023.
A Financial Supervisory Service (FSS) official said, "We will establish detailed standards for management disclosures and, through measures such as exercising our authority to demand corrective actions, build a sound management framework so the electronic finance industry can continue its healthy growth with user trust."