Debit Cards in South Korea
Although the economic uncertainties driven by the pandemic have negatively affected overall consumer spending in South Korea, debit cards managed to record positive current value growth in 2020 and 2021. Although the projected growth of debit cards over the forecast period is expected to slow down compared to the pre-pandemic era due to the rising popularity of alternatives, including digital wallets, the tax benefit of using debit cards will motivate consumers to continue using this financial p...
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
- October 2021
- List Of Contents And Tables
- DEBIT CARDS IN SOUTH KOREA
- KEY DATA FINDINGS
- 2021 DEVELOPMENTS
- Further move towards a cashless society and tax benefits support the growth of debit cards
- Debit cards to lose share to digital wallets and credit cards
- NongHyup Bank consolidates its leading position within debit cards
- PROSPECTS AND OPPORTUNITIES
- Debit card usage to maintain stable growth trend
- Card issuers to launch open-pay service to compete with digital wallets
- Tier-2 banks venture into personal debit cards to acquire new customers
- CATEGORY DATA
- Table 1 Debit Cards: Number of Cards in Circulation 2016-2021
- Table 2 Debit Cards Transactions 2016-2021
- Table 3 Debit Cards in Circulation: % Growth 2016-2021
- Table 4 Debit Cards Transactions: % Growth 2016-2021
- Table 5 Debit Cards: Number of Cards by Issuer 2016-2020
- Table 6 Debit Cards: Number of Cards by Operator 2016-2020
- Table 7 Debit Cards Payment Transaction Value by Issuer 2016-2020
- Table 8 Debit Cards Payment Transaction Value by Operator 2016-2020
- Table 9 Forecast Debit Cards: Number of Cards in Circulation 2021-2026
- Table 10 Forecast Debit Cards Transactions 2021-2026
- Table 11 Forecast Debit Cards in Circulation: % Growth 2021-2026
- Table 12 Forecast Debit Cards Transactions: % Growth 2021-2026
- FINANCIAL CARDS AND PAYMENTS IN SOUTH KOREA
- EXECUTIVE SUMMARY
- Financial cards and payments in 2021: The big picture
- Digital banks and tier-2 banks gain presence within personal financial cards
- Consumer spending sees recovery as exports in manufacturing rebound
- Product launches targeting teenagers increase
- Bright outlook for digital payments within consumer payment transactions
- What next for financial cards and payments?
- MARKET INDICATORS
- Table 13 Number of POS Terminals: Units 2016-2021
- Table 14 Number of ATMs: Units 2016-2021
- Table 15 Value Lost to Fraud 2016-2021
- Table 16 Card Expenditure by Location 2021
- Table 17 Financial Cards in Circulation by Type: % Number of Cards 2016-2021
- Table 18 Domestic versus Foreign Spend 2021
- MARKET DATA
- Table 19 Financial Cards by Category: Number of Cards in Circulation 2016-2021
- Table 20 Financial Cards by Category: Number of Accounts 2016-2021
- Table 21 Financial Cards Transactions by Category: Value 2016-2021
- Table 22 Financial Cards by Category: Number of Transactions 2016-2021
- Table 23 Consumer Payments by Category: Value 2016-2021
- Table 24 Consumer Payments by Category: Number of Transactions 2016-2021
- Table 25 M-Commerce by Category: Value 2016-2021
- Table 26 M-Commerce by Category: % Value Growth 2016-2021
- Table 27 Financial Cards: Number of Cards by Issuer 2016-2020
- Table 28 Financial Cards: Number of Cards by Operator 2016-2020
- Table 29 Financial Cards: Card Payment Transactions Value by Operator 2016-2020
- Table 30 Financial Cards: Card Payment Transactions Value by Issuer 2016-2020
- Table 31 Forecast Financial Cards by Category: Number of Cards in Circulation 2021-2026
- Table 32 Forecast Financial Cards by Category: Number of Accounts 2021-2026
- Table 33 Forecast Financial Cards Transactions by Category: Value 2021-2026
- Table 34 Forecast Financial Cards by Category: Number of Transactions 2021-2026
- Table 35 Forecast Consumer Payments by Category: Value 2021-2026
- Table 36 Forecast Consumer Payments by Category: Number of Transactions 2021-2026
- Table 37 Forecast M-Commerce by Category: Value 2021-2026
- Table 38 Forecast M-Commerce by Category: % Value Growth 2021-2026
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources