South Korea Credit Card Transaction is set to reach $742,210 Million by 2026 from $675,270 Million 2021, grew 5% per year. Since 2017, the demand grew 5.6% year on year close to $7,139,800 Million. The country came in number 2 in 2021, the United States overtook $675,270 Million. South Korea, Japan and Canada respectively ranked numbers 2, 3 and 4 in this ranking.
How does South Korea rank in Value of Payments by Cards with a Credit Function?
| # | 20 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 4,042,200 | 2023 | +2.43% | +2.1% | View data |
| 2 | 2 South Korea | 669,260 | 2023 | +1.97% | +1.63% | |
| 3 | 3 Japan | 618,560 | 2023 | +1.38% | +0.49% | View data |
| 4 | 4 Canada | 440,260 | 2023 | +1.23% | +0.81% | View data |
| 5 | 5 Australia | 237,700 | 2023 | -0.3% | -0.56% | View data |