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Payments shift to mobile as consumers stop taking out physical cards

Payments made without presenting physical cards rose 10.6 percent in the first half of 2026 from a year earlier, as card spending increasingly shifted to mobile devices, Bank of Korea data showed. Total payment card use averaged 3.78 trillion won a day, up 7.6 percent. Non-card-present payments averaged 1.79 trillion won, outpacing growth in card-present payments. Easy-pay services accounted for 52.6 percent of non-card-present payments, and fintech providers held a 72.0 percent share of card easy-pay use.