T-money

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T-money is a South Korean stored-value service for public transport and participating shops. Physical and supported mobile credentials spend prepaid electronic value, while specialised passes such as Climate Card apply their own travel coverage, validity and refund conditions.

Use cases:
Initiation:
Users
4.9M
Markets
1
TPV
$137M
Transactions
129M

Estimated Monthly Usage, Aurato Research, November 2026

Historical trends

Capabilities

Disputes can follow a formal process outside chargebacks; customers can use the method for in-person purchases. Payments can use KRW as a funding currency. Support for refunds and unattended merchant debits has not been confirmed.

Markets

Schemes

PSPs

No PSP implementations have been mapped for this method yet.

Compliance

Regulator
Bank of Korea

Standards