South Korea Contactless Payment Market (2025-2031) Outlook | Companies, Forecast, Share, Value, Size, Industry, Trends, Analysis, Revenue & Growth

Market Forecast By Component (Hardware, Solutions, Services), By Vertical (Retail, Hospitality, Healthcare, Energy and Utilities, Transportation and Logistics, BFSI, Others (Government, telecommunications, and education)) And Competitive Landscape
Product Code: ETC4425924 Publication Date: Jul 2023 Updated Date: Feb 2025 Product Type: Report
Publisher: 6Wresearch No. of Pages: 85 No. of Figures: 45 No. of Tables: 26

South Korea Contactless Payment Market Overview

Contactless payment solutions in South Korea facilitate secure and convenient transactions via NFC-enabled cards, mobile wallets, and wearable devices. Market adoption is driven by digital payment preferences, contactless technology advancements, and merchant infrastructure expansion.

Drivers of the market

The growth of the South Korea Contactless Payment Market is influenced by the increasing adoption of digital payment solutions and the need for convenient and secure payment methods. Technological advancements in payment technologies and the trend towards cashless transactions drive market growth.

Challenges of the market

Driving adoption of NFC and mobile wallet technologies, ensuring transaction security and consumer trust, and addressing interoperability and regulatory compliance pose challenges in South Korea. Payment service providers must innovate in contactless payment solutions, support biometric authentication methods, and collaborate with financial institutions and retailers to accelerate cashless payment acceptance and digital wallet usage in retail, transportation, and hospitality sectors.

Government Policy of the market

Government policies in South Korea concerning the contactless payment market prioritize financial technology, transaction security, and payment system efficiency. Policies regulate payment terminal standards, transaction limits, and data encryption protocols. Incentives encourage adoption of contactless payment technologies, development of mobile payment solutions, and compliance with electronic payment regulations.

Key Highlights of the Report:

  • South Korea Contactless Payment Market Outlook
  • Market Size of South Korea Contactless Payment Market, 2024
  • Forecast of South Korea Contactless Payment Market, 2031
  • Historical Data and Forecast of South Korea Contactless Payment Revenues & Volume for the Period 2021-2031
  • South Korea Contactless Payment Market Trend Evolution
  • South Korea Contactless Payment Market Drivers and Challenges
  • South Korea Contactless Payment Price Trends
  • South Korea Contactless Payment Porter's Five Forces
  • South Korea Contactless Payment Industry Life Cycle
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Component for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Hardware for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Solutions for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Services for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Vertical for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Retail for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Hospitality for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Healthcare for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Energy and Utilities for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Transportation and Logistics for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By BFSI for the Period 2021-2031
  • Historical Data and Forecast of South Korea Contactless Payment Market Revenues & Volume By Others (Government, telecommunications, and education) for the Period 2021-2031
  • South Korea Contactless Payment Import Export Trade Statistics
  • Market Opportunity Assessment By Component
  • Market Opportunity Assessment By Vertical
  • South Korea Contactless Payment Top Companies Market Share
  • South Korea Contactless Payment Competitive Benchmarking By Technical and Operational Parameters
  • South Korea Contactless Payment Company Profiles
  • South Korea Contactless Payment Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the South Korea Contactless Payment Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the South Korea Contactless Payment Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 South Korea Contactless Payment Market Overview

3.1 South Korea Country Macro Economic Indicators

3.2 South Korea Contactless Payment Market Revenues & Volume, 2021 & 2031F

3.3 South Korea Contactless Payment Market - Industry Life Cycle

3.4 South Korea Contactless Payment Market - Porter's Five Forces

3.5 South Korea Contactless Payment Market Revenues & Volume Share, By Component , 2021 & 2031F

3.6 South Korea Contactless Payment Market Revenues & Volume Share, By Vertical, 2021 & 2031F

4 South Korea Contactless Payment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 South Korea Contactless Payment Market Trends

6 South Korea Contactless Payment Market, By Types

6.1 South Korea Contactless Payment Market, By Component

6.1.1 Overview and Analysis

6.1.2 South Korea Contactless Payment Market Revenues & Volume, By Component , 2021-2031F

6.1.3 South Korea Contactless Payment Market Revenues & Volume, By Hardware, 2021-2031F

6.1.4 South Korea Contactless Payment Market Revenues & Volume, By Solutions, 2021-2031F

6.1.5 South Korea Contactless Payment Market Revenues & Volume, By Services, 2021-2031F

6.2 South Korea Contactless Payment Market, By Vertical

6.2.1 Overview and Analysis

6.2.2 South Korea Contactless Payment Market Revenues & Volume, By Retail, 2021-2031F

6.2.3 South Korea Contactless Payment Market Revenues & Volume, By Hospitality, 2021-2031F

6.2.4 South Korea Contactless Payment Market Revenues & Volume, By Healthcare, 2021-2031F

6.2.5 South Korea Contactless Payment Market Revenues & Volume, By Energy and Utilities, 2021-2031F

6.2.6 South Korea Contactless Payment Market Revenues & Volume, By Transportation and Logistics, 2021-2031F

6.2.7 South Korea Contactless Payment Market Revenues & Volume, By BFSI, 2021-2031F

7 South Korea Contactless Payment Market Import-Export Trade Statistics

7.1 South Korea Contactless Payment Market Export to Major Countries

7.2 South Korea Contactless Payment Market Imports from Major Countries

8 South Korea Contactless Payment Market Key Performance Indicators

9 South Korea Contactless Payment Market - Opportunity Assessment

9.1 South Korea Contactless Payment Market Opportunity Assessment, By Component , 2021 & 2031F

9.2 South Korea Contactless Payment Market Opportunity Assessment, By Vertical, 2021 & 2031F

10 South Korea Contactless Payment Market - Competitive Landscape

10.1 South Korea Contactless Payment Market Revenue Share, By Companies, 2024

10.2 South Korea Contactless Payment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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