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| Title | South Korea Mobile Payment Market Size, Share, Industry Overview, Trends and Forecast 2025-2033 |
|---|---|
| Category | Business --> Business Services |
| Meta Keywords | south korea mobile payment market |
| Owner | Ashutosh SEO |
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| IMARC Group has recently released a new research study titled “South Korea Mobile Payment Market Report by Payment Type (Proximity Payment, Remote Payment), Application (Entertainment, Energy and Utilities, Healthcare, Retail, Hospitality and Transportation, and Others), and Region 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. South Korea Mobile Payment Market Overview The South Korea
mobile payment market size was valued at USD 50.6 Billion in 2024 and
is forecasted to reach USD 191.1 Billion by 2033, growing at a CAGR of 14.2%
during the period 2025-2033. This growth is driven by the rising smartphone
usage across all ages and an increasing preference for online shopping, which
boost mobile payment adoption. The market covers various payment types,
applications, and regional segments within South Korea. Study Assumption Years
South Korea Mobile Payment Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/south-korea-mobile-payment-market/requestsample Market Growth Factors The South Korea mobile payment market is experiencing rapid
growth due to increased smartphone penetration among all age groups, which
fuels the adoption of mobile payment solutions. The growing inclination of
consumers towards online shopping has significantly bolstered market expansion.
Partnerships between fintech startups, banks, and technology giants are
becoming prevalent, facilitating the development of value-added services and
easy-to-use interfaces, thus driving market demand. A strong cultural shift towards online shopping and a
consumer preference for quick, cashless transactions are key drivers. This
preference accelerates the adoption of diverse mobile payment methods,
encompassing proximity payments like NFC and QR codes and remote payments such
as internet payments and digital wallets. These trends reinforce the positive
outlook for South Korea’s mobile payment market. Regional factors also contribute to market growth. The Seoul
Capital Area, with advanced infrastructure and tech-savvy consumers, leads
usage. Besides, rising e-commerce activities in Yeongnam support steady growth.
Developing mobile payment infrastructures in Honam and Hoseo, alongside
improvements in other regions due to digital advancements, expand accessibility
and convenience. These regional developments, combined with regulatory
frameworks, are pivotal in driving market expansion, despite uneven adoption
challenges. Market Segmentation Breakup by Payment Type:
Breakup by Application:
Mobile payments streamline transactions and enhance
efficiency across these sectors, illustrating the market's wide adoption. Breakup by Region:
Ask For an Analyst- https://www.imarcgroup.com/request?type=report&id=17683&flag=C Regional Insights The Seoul Capital Area dominates the South Korea mobile
payment market due to its advanced technological infrastructure and a high
concentration of tech-savvy consumers. This region shows higher usage levels
compared to others, driving the overall market growth. Meanwhile, Yeongnam is
growing steadily, fueled by increasing e-commerce activities. Honam and Hoseo
regions are catching up as mobile payment infrastructures develop. Other
regions are also witnessing growth influenced by broader digital advancements,
helping to enhance financial accessibility and convenience nationwide. Recent Developments & News
Key Players
If you require any specific information that is not
covered currently within the scope of the report, we will provide the same as a
part of the customization. About Us IMARC Group is a global management consulting firm that
helps the world’s most ambitious changemakers to create a lasting impact. The
company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies,
company incorporation assistance, factory setup support, regulatory approvals
and licensing navigation, branding, marketing and sales strategies, competitive
landscape and benchmarking analyses, pricing and cost research, and procurement
research. Contact Us IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA Email: sales@imarcgroup.com Tel No: (D) +91 120 433 0800 United States: +1-201971-6302 | |