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South Korea Prepaid Cards Business and Investment Opportunities, 2019-2023

/EIN News/ -- Dublin, June 14, 2019 (GLOBE NEWSWIRE) -- The "South Korea Prepaid Cards Business and Investment Opportunities - Market Size and Forecast (2014-2023), Consumer Attitude & Behaviour, Retail Spend, Market Risk" report has been added to ResearchAndMarkets.com's offering.

The prepaid card market (value terms) in South Korea increased at a CAGR of 15.3% during 2014-2018. Over the forecast period of 2019 to 2023, the market is expected to record a CAGR of 9.7%, increasing from US$ 23.8 billion in 2019 to reach US$ 34.5 billion by 2023.

This report provides trend analysis (market size and forecast) of prepaid (pay before) cards, offering a wealth of insights to help companies understand this growing but quickly changing market.

  • Market dynamics: Provides a comprehensive view on size and structure, industry dynamics, market trends, consumer attitude and behaviour, and competitive landscape in prepaid card industry in South Korea.
  • Open loop and closed loop: market estimates and forecasts to assess opportunities in open loop and closed loop prepaid market segments. Details four essential KPIs - number of cards in circulation, number of transactions, load value, and value of transactions.
  • Open loop prepaid card categories: Identifies potential risks, consumer adoption, and market size across 11 market segments in open loop prepaid cards for the period 2014-2023. These include gift, business & administrative expense, payroll, meal, employee / partner incentive, travel forex, general purpose, remittance, teen and campus, social security and other government benefit programs, insurance claims.
  • Closed loop prepaid card categories: Identifies potential risks, consumer adoption, and market size across 10 market segments in closed loop prepaid cards for the period 2014-2023. These include gift, healthcare and wellness, consumer incentives, employee / partner incentives, entertainment and gaming, teen and campus, social security and other government benefit programs, transit and tolls, and fuel, utilities, and others.
  • Benchmarking and risk index: Benchmarks the prepaid card industry in the country with key global markets along with risk assessment through the Prepaid Cards Industry Risk Index (PCIRI).
  • Consumer attitude and behaviour: Drawing from proprietary survey results, this report identifies and interprets key prepaid KPIs, including spend by age, gender, and income level. In addition, it provides an overview of how consumers are currently using prepaid cards across five key categories - travel, bill payment, retail spend, cash withdrawal, and P2P transfers. It also provides a breakdown by transaction size.
  • Retail spend: Breaks down retail spend across 11 categories to provide detailed insights on consumer behaviour and changing dynamics of prepaid card spend.

Included in the Report

  • South Korea Gift card spend analysis: Market size and forecast by functional attribute (open loop and closed loop) and by consumer segments (retail, small scale business, mid-size business, and enterprise business). Also, breaks down the market size by consumer behavior, covering gifting occasion, card type (paper, plastic, digital), and market share by retail categories.
  • South Korea Business & administrative expense card spend analysis: Market size and forecast at category level and by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • South Korea Payroll card spend analysis: Market size and forecast at category level and by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • South Korea Meal card spend analysis: Market size and forecast by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • South Korea Healthcare and wellness card spend analysis: Market size and forecast at category level.
  • South Korea Consumer incentive card spend analysis: Market size and forecast at category level and by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • South Korea Employee / partner incentive card spend analysis: Market size and forecast at category level and by functional attribute (open loop and closed loop) and by consumer segments (government, small scale business, mid-size business, and enterprise business).
  • South Korea Travel forex card spend analysis: Market size and forecast by consumer segments (retail, government, small scale business, mid-size business, and enterprise business).
  • South Korea General purpose card spend analysis: Market size and forecast at category level and by consumer segments (banked and underbanked / unbanked).
  • South Korea Remittance card spend analysis: Market size and forecast at category level.
  • South Korea Teen and campus card spend analysis: Market size and forecast at category level and by functional attribute (open loop and closed loop).
  • South Korea Social security and other government benefit program cards spend analysis: Market size and forecast by functional attribute (open loop and closed loop).
  • South Korea Insurance claim card spend analysis: Market size and forecast at category level.
  • South Korea Entertainment and gaming card spend analysis: Market size and forecast at category level.
  • South Korea Transit and toll card spend analysis: Market size and forecast at category level.
  • South Korea Fuel, utilities, and other cards spend analysis: Market size and forecast at category level.

Companies Mentioned

  • Korea Smart Card Co
  • Korea Expressway Corp
  • Shinhan Card Co Ltd
  • Samsung Card Co Ltd
  • KB Kookmin Card Co Ltd
  • Woori Bank
  • BC Card Co Ltd

For more information about this report visit https://www.researchandmarkets.com/r/vl2x3t

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Related Topics: Bank Cards

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