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Debit Cards in South Korea

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    Report

  • 24 Pages
  • November 2024
  • Region: South Korea
  • Euromonitor International
  • ID: 1541523
In 2024, the number of debit cards in circulation in South Korea is set to continue to see a slight decline. One factor contributing to the decrease is a slight decline in the number of teenage users, who represent a substantial proportion of new debit card holders. In addition to the declining teenage population, a major factor influencing this is the growing popularity of mobile payment.

The 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.

Table of Contents

KEY DATA FINDINGS
2024 DEVELOPMENTS
  • Debit cards in circulation decline, while usage increases
  • Significant growth for Hyundai and Hana in debit cards in 2023
  • NongHyup remains a key player in debit cards
PROSPECTS AND OPPORTUNITIES
  • Teen-specific cards: Meeting the needs of Generation Z and Generation Alpha
  • Shinhan Bank launches debit cards specifically for foreigners resident in Korea
  • Intensifying competition in travel-specific debit cards
CATEGORY DATA
  • Table 1 Debit Cards: Number of Cards in Circulation 2019-2024
  • Table 2 Debit Cards Transactions 2019-2024
  • Table 3 Debit Cards in Circulation: % Growth 2019-2024
  • Table 4 Debit Cards Transactions: % Growth 2019-2024
  • Table 5 Debit Cards: Number of Cards by Issuer 2019-2023
  • Table 6 Debit Cards: Number of Cards by Operator 2019-2023
  • Table 7 Debit Cards Payment Transaction Value by Issuer 2019-2023
  • Table 8 Debit Cards Payment Transaction Value by Operator 2019-2023
  • Table 9 Forecast Debit Cards: Number of Cards in Circulation 2024-2029
  • Table 10 Forecast Debit Cards Transactions 2024-2029
  • Table 11 Forecast Debit Cards in Circulation: % Growth 2024-2029
  • Table 12 Forecast Debit Cards Transactions: % Growth 2024-2029
FINANCIAL CARDS AND PAYMENTS IN SOUTH KOREA
EXECUTIVE SUMMARY
  • Financial cards and payments in 2024: The big picture
  • 2024 key trends
  • Financial cards targeted towards teens continue to be launched
  • Competitive landscape
  • What next for financial cards and payments?
MARKET INDICATORS
  • Table 13 Number of POS Terminals: Units 2019-2024
  • Table 14 Number of ATMs: Units 2019-2024
  • Table 15 Value Lost to Fraud 2019-2024
  • Table 16 Card Expenditure by Location 2024
  • Table 17 Financial Cards in Circulation by Type: % Number of Cards 2019-2024
  • Table 18 Domestic versus Foreign Spend 2024
MARKET DATA
  • Table 19 Financial Cards by Category: Number of Cards in Circulation 2019-2024
  • Table 20 Financial Cards by Category: Number of Accounts 2019-2024
  • Table 21 Financial Cards Transactions by Category: Value 2019-2024
  • Table 22 Financial Cards by Category: Number of Transactions 2019-2024
  • Table 23 Consumer Payments by Category: Value 2019-2024
  • Table 24 Consumer Payments by Category: Number of Transactions 2019-2024
  • Table 25 M-Commerce by Category: Value 2019-2024
  • Table 26 M-Commerce by Category: % Value Growth 2019-2024
  • Table 27 Financial Cards: Number of Cards by Issuer 2019-2023
  • Table 28 Financial Cards: Number of Cards by Operator 2019-2023
  • Table 29 Financial Cards: Card Payment Transactions Value by Operator 2019-2023
  • Table 30 Financial Cards: Card Payment Transactions Value by Issuer 2019-2023
  • Table 31 Forecast Financial Cards by Category: Number of Cards in Circulation 2024-2029
  • Table 32 Forecast Financial Cards by Category: Number of Accounts 2024-2029
  • Table 33 Forecast Financial Cards Transactions by Category: Value 2024-2029
  • Table 34 Forecast Financial Cards by Category: Number of Transactions 2024-2029
  • Table 35 Forecast Consumer Payments by Category: Value 2024-2029
  • Table 36 Forecast Consumer Payments by Category: Number of Transactions 2024-2029
  • Table 37 Forecast M-Commerce by Category: Value 2024-2029
  • Table 38 Forecast M-Commerce by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
  • Summary 1 Research Sources