In 2023, the number of debit cards in circulation in South Korea continues to gradually decline following a steady upward trend over 2019-2021. The decline is primarily underpinned by two fundamental factors; namely the declining teenage population and the surging prominence of mobile payment methods. In the context of South Korea, debit cards have traditionally found their principal user base among teenagers, particularly those who do not possess credit cards. However, in tandem with the nation...
Euromonitor International's Debit Card Transactions in South Korea report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Debit Card Transactions, Personal Debit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Debit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Debit Cards in South Korea
Euromonitor International
November 2023
List Of Contents And Tables
DEBIT CARDS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Declining number of debit cards in circulation in South Korea
Increasing usage of debit cards in South Korea
NongHyup remains leading local issuer of debit cards in South Korea
PROSPECTS AND OPPORTUNITIES
Hana Card's Travlog debit card gains momentum following reopening of borders
Companies allow issuance of debit cards to shared bank accounts
Launch of new transportation card plus
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2018-2023
Table 2 Debit Cards Transactions 2018-2023
Table 3 Debit Cards in Circulation: % Growth 2018-2023