Jun 24, 2019   SOURCE: PR NewsWire

South Korea $34.5 Bn Prepaid Cards Business and Investment Opportunities to 2023

DUBLIN, June 24, 2019 /PRNewswire/ -- 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.

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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/emh3k5

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

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