South Korea Real Time Payments Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The South Korean real time payments market is expected to register a CAGR of 8.7% during the period 2022-2027. The primary factor driving the growth of the market is the high smartphone penetration, growing e-commerce transactions, and government initiatives, among others.
Key HighlightsThe South Korea Real Time Payments Market appears to be moderately consolidated. With consumer preferences changing rapidly towards faster payments, the real time payments market has become a lucrative option and thus, has attracted a huge amount of investments. The major market players offer convenient payment solutions and are rapidly indulging in merger and acquisition activities to increase the consumer base and product offerings.
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