As of June 30, the bank reported that it exceeded 10 million active check card users, marking a milestone achieved in approximately 4 years and 8 months since its launch in October 2021.
The total number of transactions reached 3.1 billion, with 89.5% of payments made offline and 10.5% online.
In terms of transaction categories, transportation, including city buses, subways, and taxis, accounted for the largest share at 24.2%. This was followed by convenience stores at 18.3%, online shopping and mobile payments at 10.5%, full-service restaurants at 7.0%, and coffee shops at 5.1%.
By age group, users in their 20s made up the largest segment at 25.1%, followed by those in their 30s at 20.7%, 40s at 20.3%, 50s at 15.4%, teenagers at 11.2%, and seniors aged 60 and above at 7.3%. The oldest user recorded was 106 years old.
Toss Bank explained that it expanded the eligibility for check card issuance to individuals aged 7 and older last month, resulting in an increase in the conversion rate from child accounts to check cards from approximately 50% to over 71%.
For international transactions, Japan represented the highest share at 31.3%, followed by the United States at 12.5%, the United Kingdom at 7.1%, Vietnam at 5.9%, and China at 5.3%. The K-Pass check card, launched in February, has seen cumulative issuances reach 360,000, with new issuances exceeding 50%.
The total cash back distributed to customers through the check card has amounted to 160 billion won, while donations accumulated through cash back reached 4.7 billion won.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.