South Koreas Cards and Payments Industry : Market Overview

South Koreas Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape
Synopsis
The report provides top-level market analysis, information and insights into South Korea's cards and payments industry, including:
Current and forecast values for each category of South Korea's cards and payments industry, including debit cards, credit cards and prepaid cards
Comprehensive analysis of the industry’s market attractiveness and future growth areas Analysis of various market drivers and regulations governing
South Korea's cards and payments industry Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by banks and
other institutions in the market Comprehensive analysis of consumer attitudes and buying preferences for cards The competitive landscape of South Korea's cards
and payments industry
Executive summary
The South Korean card payments channel registered growth during the review period (2009–2013) posting a compound annual growth rate (CAGR) of
4.22% to reach 294.4 million cards in circulation by the end of 2013. The card payments channel valued KRW986.0 trillion (US$899.5 billion) in 2013.
Changing lifestyle demographics, the increased popularity of online shopping and higher disposable income per capita supported the growth of the volume of
cards in circulation. The debit card category occupied the largest share and grew at a review-period CAGR of 4.19%. Over the forecast period
(2014−2018) the debit card category is expected to post a CAGR of 1.84%. The credit card category occupied the second-largest share at a review-period
CAGR of 2.82%. The credit card category is expected to register a forecast-period CAGR of 1.80%. An increase in household debt burden has prompted the
South Korean government to introduce measures to discourage credit card spending.
The government reduced tax deductions on credit card transactions and increased tax deductions for debit and prepaid cards. During the first three quarters of
2011, merchandize credit valued KRW1.6 trillion (US$1.44 billion), whereas during the first three quarters of 2012, that value was reduced to KRW0.1 trillion
(US$90 million). Spin-off credit card units are expected to increase competition over the forecast period. Many banks and non-bank firms opt for spin-off credit
card firms in association with existing competitors such as telecom operators.
Scope
This report provides a comprehensive analysis of South Korea's cards and payments industry. It provides current values for South Korea's cards and payments
industry for 2013, and forecast figures for the period up to 2018. It details the different economic, infrastructural and business drivers affecting South Korea's
cards and payments industry. It outlines the current regulatory framework in the industry. It details the marketing strategies used by various banks and other
institutions. It profiles the major banks in South Korea's cards and payments industry.
Reasons to buy
Make strategic business decisions using top-level historic and forecast market data related to South Korea's cards and payments industry and each market within
it. Understand the key market trends and growth opportunities within South Korea's cards and payments industry. Assess the competitive dynamics in South
Korea's cards and payments industry. Gain insights in to the marketing strategies used for selling various card types in South Korea. Gain insights into key
regulations governing South Korea's cards and payments industry.
Key highlights
The South Korean card payments channel registered growth during the review period (2009–2013) posting a compound annual growth rate (CAGR) of
4.22% to reach 294.4 million cards in circulation by the end of 2013. The card payments channel valued KRW986.0 trillion (US$899.5 billion) in 2013. The debit
card category occupied the largest share and grew at a review-period CAGR of 4.19%. Over the forecast period (2014−2018) the debit card category is
expected to post a CAGR of 1.84%. The credit card category occupied the second-largest share at a review-period CAGR of 2.82%. The credit card category is
expected to register a forecast-period CAGR of 1.80%. NFC-based platforms for smartphones increased the volume of mobile commerce (m-commerce)
transactions in South Korea. SK Telecom and KT jointly sold 250,000 NFC-enabled Samsung Galaxy Notes in December 2011 alone. An increase in household
debt burden has prompted the South Korean government to introduce measures to discourage credit card spending. The government reduced tax deductions on
credit card transactions and increased tax deductions for debit and prepaid cards. During the first three quarters of 2011, merchandize credit valued KRW1.6
trillion (US$1.44 billion), whereas during the first three quarters of 2012, that value was reduced to KRW0.1 trillion (US$90 million). Spin-off credit card units
are expected to increase competition over the forecast period. Many banks and non-bank firms opt for spin-off credit card firms in association with existing
competitors such as telecom operators. In 2010, Hana Financial established a joint venture with SK Telecom, South Korea's leading mobile operator. Similarly,
Woori bank span-off its credit card division in March, 2013, while Kookmin bank, part of the KB Financial Group span-off its credit card unit in 2011.
table Of Contents

1 Executive Summary

2 Analysis Of Industry Environment, Key Trends And Drivers
2.1 Payment Infrastructure And Emerging Technologies
2.1.1 Automatic Teller Machines (atms)
2.1.2 Point Of Sale (pos) Terminals
2.1.3 Internet Penetration
2.1.4 Contactless Technologies/nfc Technology
2.1.5 Emv
2.2 Business Drivers
2.2.1 Growth Of Online Commerce
2.2.2 Retail Sales Value
2.2.3 M-payment Value
2.3 Economic Drivers
2.3.1 Gdp Growth
2.3.2 Gdp Per Capita Income
2.3.3 Inflation

2.3.4 Low Unemployment

3 Cards And Payments Industry Share Analysis
3.1 Industry Overview
3.1.1 Cash
3.1.2 Checks
3.1.3 Direct Debits
3.1.4 Credit Transfers
3.1.5 Cards

4 Regulatory Framework And Card Fraud Statistics
4.1 Regulatory Framework
4.1.1 Foreign Direct Investment (fdi) Regulations
4.2 Card Fraud Statistics
4.2.1 Card-not-present
4.2.2 Counterfeit Cards
4.2.3 Cards Lost Or Stolen
4.2.4 Card Id Theft

5 Emerging Consumer Attitudes And Trends
5.1 Market Segmentation And Targeting
5.1.1 Retail Segment
5.1.2 Corporate Segment
5.2 Travel And Tourism Spending
5.2.1 Outbound Tourists Volume
5.2.2 Outbound Tourist Spending
5.3 Retail Card Spending
5.3.1 Analysis By Product Categories
5.3.2 Analysis By Retail Channels

6 Analysis Of Card Payments And Growth Prospects
6.1 Channel Share Analysis By Card Category
6.2 Size And Forecast Of The Card Payments Channel
6.2.1 Analysis By Volume Of Cards In Circulation
6.2.2 Analysis By Transaction Value

7 Analysis Of Credit Card Payments And Growth Prospects
7.1 Overall Category Size And Forecast
7.1.3 Analysis By Transaction Volume
7.2 Transaction Share Analysis By Channel
7.3 Personal Credit Cards Size And Forecast
7.4 Commercial Credit Cards Size And Forecast
7.4.1 Analysis By Number Of Cards In Circulation
7.5 Competitive Landscape
7.5.1 Scheme Share Analysis
7.5.2 Issuer Share Analysis

8 Analysis Of Debit Card Payments And Growth Prospects


9 Analysis Of Charge Card Payments And Growth Prospects
9.3 Personal Charge Cards Size And Forecast
9.4 Commercial Charge Cards Size And Forecast

10 Analysis Of Prepaid Card Payments And Growth Prospects
10.2 Open-loop Prepaid Cards Segment Size And Forecast
10.3 Closed-loop Prepaid Cards Segment Size And Forecast

11 Merchant Acquiring
11.1 Merchant Acquirers In The Country

12 Company Profiles Of Card Issuers
12.1 Shinhan Bank
12.1.1 Key Financials
12.1.2 Card Portfolio
12.1.3 Strategies
12.2 Woori Bank
12.2.3 Strategies
12.3 Keb Card
12.3.3 Strategies
12.4 Samsung Card
12.4.3 Strategies
12.5 Citibank Korea
12.5.3 Strategies

13 Appendix

13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric’s Services
13.5 Definitions
13.6 Disclaimer
ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your
research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and
across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an
informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
Contact:
M/s Sheela,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-997-4948
Email: sales@researchmoz.us
Website: http://www.researchmoz.us/


South Koreas Cards and Payments Industry : Market Overview

Recommandé

Recommandé

Contenu connexe

Dernier

Dernier (20)

En vedette

En vedette (20)

South Koreas Cards and Payments Industry : Market Overview