In 2024, the number of debit cards in circulation in South Korea is set to continue to see a slight decline. One factor contributing to the decrease is a slight decline in the number of teenage users, who represent a substantial proportion of new debit card holders. In addition to the declining teenage population, a major factor influencing this is the growing popularity of mobile payment. These services have gained traction as some consumers now favour digital wallets linked to their bank accou...
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 2024
List Of Contents And Tables
DEBIT CARDS IN SOUTH KOREA
KEY DATA FINDINGS
2024 DEVELOPMENTS
Debit cards in circulation decline, while usage increases
Significant growth for Hyundai and Hana in debit cards in 2023
NongHyup remains a key player in debit cards
PROSPECTS AND OPPORTUNITIES
Teen-specific cards: Meeting the needs of Generation Z and Generation Alpha
Shinhan Bank launches debit cards specifically for foreigners resident in Korea
Intensifying competition in travel-specific debit cards
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2019-2024
Table 2 Debit Cards Transactions 2019-2024
Table 3 Debit Cards in Circulation: % Growth 2019-2024