DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "South Korea Cards and Payments Market - Size, Share, Development, Growth and Forecast to 2020" report to their offering.
The card payments market in South Korea grew at a healthy pace during the period 2012-2014 in terms of volume of transactions. Some of the factors fueling the growth are payment infrastructure and the benefits offered to debit card and credit card holders by the card issuers. In terms of number of transactions, the total card market is expected to grow at a CAGR of 5.3% over the period 2015-2020.
South Korea GDP per capita increased from USD 24,453.9 in 2012 to USD 27,970.4 in 2014. GDP per capita is likely to increase further over the forecast period, from USD 27,512.8 in 2015 to USD 36,749.8 in 2020. This increase in GDP per capita income levels is expected to increase the scope of payment card use over the forecast period.
The charge card segment represents a small portion of the South Korea pay-later card market. The frequency of charge card use grew at a CAGR of 23.2% during 2012-2014. The frequency of transactions is expected to reach up to 193.8 times by 2020. The value of charge card transactions at POS terminals represented 99% of the total charge card transaction value in 2014. In the charge card segment, banks target high-net-worth individuals and corporate customers.
Key players:
- Shinhan Card
- Nonghyup Bank
- KB Kookmin Card
- Woori Financial Group
- Hana Financial Group
- Samsung Card
- Hyundai Card
- Industrial Bank of Korea
Key Topics Covered:
1. Definitions
2. Research Methodology
3. Executive Summary
4. Key Industry Drivers
5. Payment Channels
6. Terminal Statistics
7. Payment Card Market Analysis
8. Debit Card Market Analysis
9. Credit Card Market Analysis
10. Charge Card Market Analysis
11. Card Fraud
12. Card Market By Customer Segments
13. Competitive Landscape
14. Appendix
For more information about this report visit http://www.researchandmarkets.com/research/86swtv/south_korea_cards.
