Category: Credit Cards
South Korea Credit Cards
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Consumer Credit in South Korea
... individuals with low credit scores, as credit card companies tend to offer loans with higher interest rates than commercial banks and other primary financial institutions. Short-term credit card lending, such as credit card loans and ... Read More
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Pre-Paid Cards in South Korea
... Pre-paid cards, especially those offered by fintech companies, are gaining popularity as more consumers turn to them for their flexibility and attractive benefits. One major reason for their growing adoption is that pre-paid cards come ... Read More
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Financial Cards and Payments in South Korea
... evolve, 2024 has showcased how debit and credit card usage is adapting to these new realities while navigating personal finance challenges. Euromonitor International's Financial Cards and Payments in South Korea report establishes the size and ... Read More
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Credit Cards in South Korea
... companies – Shinhan, Samsung, Hyundai, KB Kookmin, Lotte, Hana, Woori, and BC Card – have reduced their interest-free instalment period to a maximum of five months. This is a sharp decline, as these benefits were ... Read More
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Store Cards in South Korea
... financial card type accounting for the smallest share of volume and value transactions in South Korea in 2024. Volume and current value transactions are expected to continue to grow in 2024, although only at low ... Read More
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South Korea Cards and Payments: Opportunities and Risks to 2028
... payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfer, card, cash, direct debits, and cheques during the review-period (2020-24e). The report also analyzes various ... Read More
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South Korea Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics - Q2 2024 Update
... Update According to PayNXT360, the alternative lending in the country is expected to grow by 28.0% on an annual basis to reach US$6,639.0 million in 2024. Medium to long term growth story of alternative lending ... Read More
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South Korea E-commerce - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)
... USD 6.82 trillion by 2029, growing at a CAGR of 19.49% during the forecast period (2024-2029). Key Highlights The country's retail sector is being rewired by digitally inspired innovations that go beyond the channel shift. ... Read More
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South Korea Mobile Payment Market by Age (Generation Z, Millennials, Generation X, and Baby Boomers), by Payment Type (Proximity and Remote), and by Application (Money Transfers, Merchandise Purchases, Bill Payments, Airtime Top-ups, Ticketing, and Others) – Opportunity Analysis and Industry Forecast, 2024–2030
... – Opportunity Analysis and Industry Forecast, 2024–2030 The South Korea Mobile Payment Market size was valued at USD 1.22 billion in 2023, and is predicted to reach USD 4.79 billion by 2030, with a CAGR ... Read More
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South Korea Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast; Spend Analysis by Digital / e-Gift Card, Retail and Corporate Consumers, Top Retailers, Distribution Channel, Occasions, Retail Sectors, Function (Open Loop, Closed Loop), City Type, and Demographics – Q2 2024 Update
... Retail Sectors, Function (Open Loop, Closed Loop), City Type, and Demographics – Q2 2024 Update According to PayNXT360, gift card industry in the country is expected to grow by 8.0% on annual basis to reach ... Read More
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South Korea Buy Now Pay Later Business and Investment Opportunities Databook – 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q2 2024 Update
... payments in the country are expected to grow by 16.9% on an annual basis to reach US$3,780.2 million in 2024. The medium to long-term growth story of the BNPL industry in the country remains strong. ... Read More
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South Korea Digital Payment Market Overview, 2029
... Samsung Pay in 2013, followed by LG Pay and Apple Pay. This trend was fueled by the country's high smartphone penetration rates and government attempts to promote cashless transactions. Notably, these programs helped South Korea ... Read More
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South Korea Credit Card Transactions Market Overview, 2029
... market, primarily targeting business travelers and affluent individuals. However, it wasn't until the 1980s that domestic banks and financial institutions started issuing credit cards, marking a significant turning point in the market's evolution. Korean banks, ... Read More
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South Korea Mobile Payment - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
... to reach USD 62.96 billion by 2029, growing at a CAGR of 9.13% during the forecast period (2024-2029). The South Korean mobile payments market is driven by the expanding e-commerce market, increasing emphasis on QR ... Read More
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South Korea Real Time Payments - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
... is expected to reach USD 7.38 billion by 2029, growing at a CAGR of 37.91% during the forecast period (2024-2029). The primary factors driving the market's growth are the increased internet and smartphone penetration, growing ... Read More
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South Korea Cards and Payments - Opportunities and Risks to 2027
... cards and payments industry, including: Current and forecast values for each market in the Korean cards and payments industry, including debit and credit cards. Detailed insights into payment instruments including cards, cash, direct debits, credit ... Read More
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Consumer Lending in South Korea
... on card lending (encompassing card purchases and loans against the card) has notably risen in 2023 to outperform gross lending. Due to increased loan requirements by banks to mitigate delinquency rates, consumers with low creditworthiness ... Read More
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South Korea Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q2 2023 Update
... Update According to PayNXT360’s, Ecommerce market in South Korea is expected to grow by 8.75% on annual basis to reach US$249.8 billion in 2022. Medium to long term growth story of Ecommerce industry in South ... Read More
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South Korea Prepaid Card and Digital Wallet Business and Investment Opportunities Databook – Market Size and Forecast, Consumer Attitude & Behaviour, Retail Spend - Q2 2023 Update
... market dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 75+ market segments and sub-segments of prepaid payment instrument in South Korea. Develop market specific strategies: Identify growth segments and target specific opportunities ... Read More
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South Korea Unsecured Business Loans Market By Type (Term Business Loan, Overdraft, Loan on Business Credit Cards, Working Capital Loan, Others), By Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), By Provider (Banks, NBFCs, Credit Unions): Opportunity Analysis and Industry Forecast, 2022-2031
... Unions): Opportunity Analysis and Industry Forecast, 2022-2031 The South Korea unsecured business loans market is a vital component of the economic landscape of the country. It offers financial assistance to businesses of all sizes, enabling ... Read More
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South Korea Credit Cards Market Summary, Competitive Analysis and Forecast to 2027
... 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Key Highlights The credit cards profile covers the consumer ... Read More
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South Korea B2C Ecommerce Market Opportunities Databook – 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2023 Update
... 2023 Update According to PayNXT360’s, B2C Ecommerce market in South Korea is expected to grow by 8.75% on annual basis to reach US$249.8 billion in 2023._x000C__x000C_The Medium to long-term growth story of B2C Ecommerce industry ... Read More
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Asia-Pacific Payment Analytics Software Market - By Type (Web-Based, Cloud-Based); By Organization Size (Large Enterprises, Small & Medium-sized Enterprises); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
... Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029 Asia-Pacific Payment Analytics Software Market Size Grows at CAGR of 5.4% During 2023–2029 Asia-Pacific payment analytics software market is gaining traction because of the growing ... Read More
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Asia-Pacific (APAC) Contactless Payment Market, 2028 - By Solution (Payment Gateways, Payment Processing, Payment Security, Fraud Management, Point of Sale, Payment Wallet); Services (Professional Services, Managed Services); By Deployment (Cloud-based, On-Premises); By Organization Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)); By End User (BFSI, Retail and Ecommerce, Healthcare, Travel and Hospitality, Media and Entertainment, IT and Telecom, Others); By Country (China, India, Japan, South Korea, Malaysia, Thailand, Rest of Asia-Pacific), Trend Analysis, Competitive Market Share & Forecast, 2018-2028
... Enterprises, Small and Medium-sized Enterprises (SMEs)); By End User (BFSI, Retail and Ecommerce, Healthcare, Travel and Hospitality, Media and Entertainment, IT and Telecom, Others); By Country (China, India, Japan, South Korea, Malaysia, Thailand, Rest of ... Read More
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South Korea Payments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
... Samsung Pay, Mastercard, Apple Pay, and American Express, to accept and transfer payments, and South Korea is no way behind. With increasing internet penetration and rapid growth in online retailing, this trend is expected to ... Read More
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