concept   cashless payments
culture   South Korea
statement   In South Korea, cashless mobile payment systems are widely used and trusted for daily transactions.
11 similar statements
# Concept Culture Statement Freq.
1 cash bill South Korea Rarely used for everyday transactions, with a strong preference for coins instead. 1
2 cash bill South Korea Less commonly used in favor of electronic payment methods such as mobile payments or contactless cards 1
3 cash bill South Korea Cash bills include ¥1000, ¥5000, and ¥10000 denominations in Japan and ₩1000, ₩5000, ₩10000, ₩50000, and ₩100000 denominations in South Korea. 1
4 cash payments South Korea Rarely used, as electronic payments are preferred 1
5 cash token South Korea Cash tokens are often associated with traditional temple or shrine offerings, and are used in religious rituals. 1
6 cashless payments South Korea Mobile payment systems are dominant and commonly used even for small purchases 1
7 cashless payments South Korea High level of trust in the security of electronic transactions, leading to widespread adoption of cashless payments 1
8 pay cash South Korea Preferred method of payment, especially for traditional businesses and smaller vendors. 1
9 paying cash South Korea Less common and considered inconvenient method of payment, as electronic payments are preferred 1
10 paying cash South Korea Considered an inconvenience and less common due to the prevalence of electronic payments and mobile wallets 1
11 use of cashless payments South Korea Ubiquitous and widely used, even for small purchases like street food 1