KakaoPay Reports Surge in Digital Settlement and Wedding Gift Transfers
KakaoPay’s 2025 Money Report reveals a doubling of average mobile wedding gift amounts and high frequency of person-to-person transfers.Summary
KakaoPay’s annual “2025 Money Report” indicates significant shifts in South Korean financial habits. The average mobile wedding gift transferred through KakaoPay exceeded 100,000 won (US$68) in 2024, doubling the amount from 2019 and marking the first time this threshold has been surpassed. This increase reflects evolving social norms and rising costs. The report also highlighted the high volume of person-to-person money transfers among KakaoTalk users, with an estimated 1.4 million daily transactions and the average user sending or receiving funds approximately eight times a month. Group settlements, frequently used for shared expenses, are most common on Sundays, with payments typically completed within 8 hours and 29 minutes of the initial request. KakaoPay is currently running a promotional campaign offering KakaoPay Points for holiday gifting through December 19th.
(Source：Koreabizwire)