Key Market Indicators
Korea is expected to see an increase in the number of payment terminals over the next five years. Currently, the country ranks fifth in the world, with 28,840 million units in 2021. This figure is set to grow 2.7% year-on-year, reaching 33,380 million units in 2026. Since 2012, the supply has increased 4.4% year-on-year. Meanwhile, Korean payment transaction is expected to reach $26,210 billion by 2026 from $24,400 billion in 2021, growing at a rate of 1.4% year-on-year on average. Since 2012, demand has grown 2.8% year-on-year. Korea is ranked eighth in the world, with the Netherlands in first place at $24,400 billion. The United States, the United Kingdom and Germany are ranked numbers two, three and four respectively.
South Korea Payments Market Data and Forecasts
How much will South Korea Payments Market grow to 2026?
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