Financial Cards and Payments in South Korea

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,100	53 Pages	Euromonitor International	November, 2023	EP18366981

Best Price Guarantee
Price	from $2,100
Length	53 Pages
Publisher	Euromonitor International
Published Date	November, 2023
SKU	EP18366981

Financial Cards and Payments in South Korea

The landscape of card transactions in South Korea is undergoing a remarkable transformation marked by a gradual decline in cash usage. This paradigm shift is primarily driven by the widespread adoption of mobile financial services, a trend that has gained significant traction, especially in response to the challenges posed by the pandemic. Local governments, with Seoul leading the way, are spearheading innovative initiatives to accelerate the transition towards a cashless society: from cashless...

Euromonitor International's Financial Cards and Payments 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: Financial Cards in Circulation, Mobile Payments, 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 Financial Cards and Payments 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.

Financial Cards and Payments in South Korea
Euromonitor International
November 2023
List Of Contents And Tables
FINANCIAL CARDS AND PAYMENTS IN SOUTH KOREA
EXECUTIVE SUMMARY
Financial cards and payments in 2023: The big picture
2023 key trends
Overview of financial cards in South Korea
Competitive landscape
What next for financial cards and payments?
MARKET INDICATORS: Table 1 Number of POS Terminals: Units 2018-2023; Table 2 Number of ATMs: Units 2018-2023; Table 3 Value Lost to Fraud 2018-2023; Table 4 Card Expenditure by Location 2023; Table 5 Financial Cards in Circulation by Type: % Number of Cards 2018-2023; Table 6 Domestic versus Foreign Spend 2023
MARKET DATA: Table 7 Financial Cards by Category: Number of Cards in Circulation 2018-2023; Table 8 Financial Cards by Category: Number of Accounts 2018-2023; Table 9 Financial Cards Transactions by Category: Value 2018-2023; Table 10 Financial Cards by Category: Number of Transactions 2018-2023; Table 11 Consumer Payments by Category: Value 2018-2023; Table 12 Consumer Payments by Category: Number of Transactions 2018-2023; Table 13 M-Commerce by Category: Value 2018-2023; Table 14 M-Commerce by Category: % Value Growth 2018-2023; Table 15 Financial Cards: Number of Cards by Issuer 2018-2022; Table 16 Financial Cards: Number of Cards by Operator 2018-2022; Table 17 Financial Cards: Card Payment Transactions Value by Operator 2018-2022; Table 18 Financial Cards: Card Payment Transactions Value by Issuer 2018-2022; Table 19 Forecast Financial Cards by Category: Number of Cards in Circulation 2023-2028; Table 20 Forecast Financial Cards by Category: Number of Accounts 2023-2028; Table 21 Forecast Financial Cards Transactions by Category: Value 2023-2028; Table 22 Forecast Financial Cards by Category: Number of Transactions 2023-2028; Table 23 Forecast Consumer Payments by Category: Value 2023-2028; Table 24 Forecast Consumer Payments by Category: Number of Transactions 2023-2028; Table 25 Forecast M-Commerce by Category: Value 2023-2028; Table 26 Forecast M-Commerce by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES: Summary 1 Research Sources
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 27 Debit Cards: Number of Cards in Circulation 2018-2023; Table 28 Debit Cards Transactions 2018-2023; Table 29 Debit Cards in Circulation: % Growth 2018-2023; Table 30 Debit Cards Transactions: % Growth 2018-2023; Table 31 Debit Cards: Number of Cards by Issuer 2018-2022; Table 32 Debit Cards: Number of Cards by Operator 2018-2022; Table 33 Debit Cards Payment Transaction Value by Issuer 2018-2022; Table 34 Debit Cards Payment Transaction Value by Operator 2018-2022; Table 35 Forecast Debit Cards: Number of Cards in Circulation 2023-2028; Table 36 Forecast Debit Cards Transactions 2023-2028; Table 37 Forecast Debit Cards in Circulation: % Growth 2023-2028; Table 38 Forecast Debit Cards Transactions: % Growth 2023-2028
CREDIT CARDS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Increasing use of credit cards since reopening of society
Shinhan Card remains leading local issuer of credit cards
Introduction of Apple Pay in South Korea
PROSPECTS AND OPPORTUNITIES
As demand for travel skyrockets, travel-focused credit cards are being launched
Credit card companies cut interest-free instalments
Credit cards for teenagers
CATEGORY DATA: Table 39 Credit Cards: Number of Cards in Circulation 2018-2023; Table 40 Credit Cards Transactions 2018-2023; Table 41 Credit Cards in Circulation: % Growth 2018-2023; Table 42 Credit Cards Transactions: % Growth 2018-2023; Table 43 Commercial Credit Cards: Number of Cards in Circulation 2018-2023; Table 44 Commercial Credit Cards Transactions 2018-2023; Table 45 Commercial Credit Cards in Circulation: % Growth 2018-2023; Table 46 Commercial Credit Cards Transactions: % Growth 2018-2023; Table 47 Personal Credit Cards: Number of Cards in Circulation 2018-2023; Table 48 Personal Credit Cards Transactions 2018-2023; Table 49 Personal Credit Cards in Circulation: % Growth 2018-2023; Table 50 Personal Credit Cards Transactions: % Growth 2018-2023; Table 51 Credit Cards: Number of Cards by Issuer 2018-2022; Table 52 Credit Cards: Number of Cards by Operator 2018-2022; Table 53 Credit Cards Payment Transaction Value by Issuer 2018-2022; Table 54 Credit Cards Payment Transaction Value by Operator 2018-2022; Table 55 Commercial Credit Cards: Number of Cards by Issuer 2018-2022; Table 56 Commercial Credit Cards: Number of Cards by Operator 2018-2022; Table 57 Commercial Credit Cards Payment Transaction Value by Issuer 2018-2022; Table 58 Commercial Credit Cards Payment Transaction Value by Operator 2018-2022; Table 59 Personal Credit Cards: Number of Cards by Issuer 2018-2022; Table 60 Personal Credit Cards: Number of Cards by Operator 2018-2022; Table 61 Personal Credit Cards Payment Transaction Value by Issuer 2018-2022; Table 62 Personal Credit Cards Payment Transaction Value by Operator 2018-2022; Table 63 Forecast Credit Cards: Number of Cards in Circulation 2023-2028; Table 64 Forecast Credit Cards Transactions 2023-2028; Table 65 Forecast Credit Cards in Circulation: % Growth 2023-2028; Table 66 Forecast Credit Cards Transactions: % Growth 2023-2028; Table 67 Forecast Commercial Credit Cards: Number of Cards in Circulation 2023-2028; Table 68 Forecast Commercial Credit Cards Transactions 2023-2028; Table 69 Forecast Commercial Credit Cards in Circulation: % Growth 2023-2028; Table 70 Forecast Commercial Credit Cards Transactions: % Growth 2023-2028; Table 71 Forecast Personal Credit Cards: Number of Cards in Circulation 2023-2028; Table 72 Forecast Personal Credit Cards Transactions 2023-2028; Table 73 Forecast Personal Credit Cards in Circulation: % Growth 2023-2028; Table 74 Forecast Personal Credit Cards Transactions: % Growth 2023-2028
PRE-PAID CARDS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Competitive landscape of pre-paid cards in South Korea
Fintech companies expand into the pre-paid space
T-money offers new type of pre-paid tagless payment service on public transport
PROSPECTS AND OPPORTUNITIES
Travel pre-paid cards expand with greater resumption of travel
Pre-paid cards targeting teenagers
Closed loop pre-paid cards set to rise over forecast period due to different gifting options and collaborations
CATEGORY DATA: Table 75 Pre-paid Cards: Number of Cards in Circulation 2018-2023; Table 76 Pre-paid Cards Transactions 2018-2023; Table 77 Pre-paid Cards in Circulation: % Growth 2018-2023; Table 78 Pre-paid Cards Transactions: % Growth 2018-2023; Table 79 Closed Loop Pre-paid Cards Transactions 2018-2023; Table 80 Closed Loop Pre-paid Cards Transactions: % Growth 2018-2023; Table 81 Open Loop Pre-paid Cards Transactions 2018-2023; Table 82 Open Loop Pre-paid Cards Transactions: % Growth 2018-2023; Table 83 Pre-paid Cards: Number of Cards by Issuer 2018-2022; Table 84 Pre-paid Cards: Number of Cards by Operator 2018-2022; Table 85 Pre-paid Cards Transaction Value by Issuer 2018-2022; Table 86 Pre-paid Cards Transaction Value by Operator 2018-2022; Table 87 Closed Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022; Table 88 Closed Loop Pre-paid Cards: Number of Cards by Operator 2018-2022; Table 89 Closed Loop Pre-paid Cards Transaction Value by Issuer 2018-2022; Table 90 Closed Loop Pre-paid Cards Transaction Value by Operator 2018-2022; Table 91 Open Loop Pre-paid Cards: Number of Cards by Issuer 2018-2022; Table 92 Open Loop Pre-paid Cards: Number of Cards by Operator 2018-2022; Table 93 Open Loop Pre-paid Cards Transaction Value by Issuer 2018-2022; Table 94 Open Loop Pre-paid Cards Transaction Value by Operator 2018-2022; Table 95 Forecast Pre-paid Cards: Number of Cards in Circulation 2023-2028; Table 96 Forecast Pre-paid Cards Transactions 2023-2028; Table 97 Forecast Pre-paid Cards in Circulation: % Growth 2023-2028; Table 98 Forecast Pre-paid Cards Transactions: % Growth 2023-2028; Table 99 Forecast Closed Loop Pre-paid Cards Transactions 2023-2028; Table 100 Forecast Closed Loop Pre-paid Cards Transactions: % Growth 2023-2028; Table 101 Forecast Open Loop Pre-paid Cards Transactions 2023-2028; Table 102 Forecast Open Loop Pre-paid Cards Transactions: % Growth 2023-2028
STORE CARDS IN SOUTH KOREA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Undynamic store cards dominated by Hyundai Department Store
App-based store card function to provide convenient payment method
PROSPECTS AND OPPORTUNITIES
Importance of store cards to secure customers with increasing expenditure in department stores
Department stores aim to capture attention of younger generations
CATEGORY DATA: Table 103 Store Cards: Number of Cards in Circulation 2018-2023; Table 104 Store Cards Transactions 2018-2023; Table 105 Store Cards in Circulation: % Growth 2018-2023; Table 106 Store Cards Transactions: % Growth 2018-2023; Table 107 Store Cards: Number of Cards by Issuer 2018-2022; Table 108 Store Cards: Payment Transaction Value by Issuer 2018-2022; Table 109 Forecast Store Cards: Number of Cards in Circulation 2023-2028; Table 110 Forecast Store Cards Transactions 2023-2028; Table 111 Forecast Store Cards in Circulation: % Growth 2023-2028; Table 112 Forecast Store Cards Transactions: % Growth 2023-2028