According to PayNXT360, BNPL payments in the country are expected to grow by 16.9% on an annual basis to reach US$3,780.2 million in 2024. The medium to long-term growth story of the BNPL industry in...
According to PayNXT360, BNPL payments in the country are expected to grow by 16.9% on an annual basis to reach US$3,780.2 million in 2024. The medium to long-term growth story of the BNPL industry in the country remains strong. BNPL payment adoption is expected to grow steadily over the forecast period, recording a CAGR of 11.1% during 2024-2029. The BNPL gross merchandise value in the country will increase from US$3,233.7 million in 2023 to reach US$6,397.7 million by 2029. Key Developments in South Korea’s BNPL Sector Over the past few months, South Korea’s Buy Now, Pay Later (BNPL) sector has witnessed several significant product launches: • Naver Financial’s BNPL Service: Naver Financial has broadened its payment platform by introducing a BNPL feature. This addition enables users to make purchases with deferred payments, enriching the shopping experience within Naver’s extensive e-commerce ecosystem. • Coupang’s BNPL Introduction: Coupang, one of South Korea’s largest e-commerce platforms, has launched its own BNPL service. This initiative aims to boost transaction volumes and enhance customer retention by offering more flexible payment options. • Toss Bank’s BNPL Expansion: Toss Bank has advanced its BNPL service, initially launched earlier. The expansion has led to increased user engagement and transaction volumes, indicating strong adoption among its customers. • Hyundai Card’s BNPL Integration: Hyundai Card has upgraded its BNPL offerings by integrating them with its existing credit services. This move allows customers to use BNPL across various retail partners, designed to attract users seeking flexible payment solutions. These launches underscore the rising competition in South Korea’s BNPL market, fueled by growing consumer demand for flexible payment solutions in the expanding e-commerce landscape. Strategic Partnerships Several notable partnerships have emerged in South Korea’s BNPL sector: • Naver Financial and Retailers: Naver Financial has partnered with various retailers to integrate its BNPL service into their platforms. These partnerships aim to offer consumers more flexible payment options while driving increased traffic to the retailers’ e-commerce sites. • Coupang and BNPL Integration: Coupang has introduced its BNPL service in collaboration with multiple merchants. This integration allows deferred payment options at checkout, enhancing the shopping experience and potentially increasing conversion rates. • Toss Bank and BNPL Expansion: Toss Bank has broadened its BNPL services through partnerships with merchants. Since launching the service, Toss Bank has seen growth in payment volumes and average transaction amounts, reflecting the success of these collaborations in boosting BNPL adoption. • Hyundai Card and BNPL Integration: Hyundai Card has collaborated with retailers to embed its BNPL service within their payment systems. This partnership leverages Hyundai Card’s existing customer base and merchant relationships, positioning BNPL as a preferred payment method. These partnerships highlight the growing collaboration between BNPL providers, e-commerce platforms, and financial institutions in South Korea. By integrating BNPL options, these companies aim to meet rising consumer demand for flexible payment solutions and drive growth in the burgeoning BNPL market. Mergers and Acquisitions Recent mergers and acquisitions have significantly impacted South Korea’s BNPL sector: • Toss Bank’s Acquisition of a BNPL Provider: Toss Bank, a leading digital bank in South Korea, has acquired a smaller BNPL provider to enhance its payment services. This acquisition aims to strengthen Toss Bank’s competitive position in the BNPL market by expanding its service portfolio and customer base. Regulatory Changes Over the past few months, the South Korean government has introduced significant measures to regulate the rapidly expanding BNPL sector: New Regulatory Framework In July 2024, the Financial Services Commission (FSC) amended the Electronic Financial Transactions Act (EFTA), introducing new requirements for BNPL providers: • Disclosure Obligations: BNPL businesses must now clearly and transparently disclose to consumers information on fees, interest rates, and terms and conditions. • Suitability Checks: Providers must assess a consumer’s repay ability before extending BNPL credit to prevent over-indebtedness. • Consumer Protection Measures: The amendments establish clear regulations to protect consumers from excessive late fees and unfair practices. Licensing Requirements: The FSC is moving towards implementing a licensing system for BNPL providers in South Korea. This initiative is expected to bring greater oversight and stability to the sector as it grows rapidly. Alignment with Global Trends: South Korea’s regulatory approach aligns with global trends, such as those in Australia, where similar measures have been introduced to protect BNPL consumers. The new rules aim to promote responsible growth in the sector while allowing room for innovation. These regulatory changes underscore the South Korean government’s commitment to ensuring sustainable growth in the BNPL market by enhancing transparency, responsible lending, and consumer protection as the industry expands. The BNPL payment industry in South Korea has recorded strong growth over the last four quarters, supported by increased e-commerce penetration. This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry, covering market opportunities and risks across a range of retail categories. With over 75 KPIs at the country level, this report provides a comprehensive understanding of BNPL market dynamics, market size and forecast, and market share statistics. It breaks down market opportunities by type of business model, sales channels (offline and online), and distribution models. In addition, it provides a snapshot of consumer behaviour and retail spending dynamics. KPIs in both value and volume terms help in getting an in-depth understanding of end market dynamics. PayNXT360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view of emerging business and investment market opportunities.
This report provides in-depth, data-centric analysis of Buy Now Pay Later industry in South Korea through 55 tables and 71 charts. Below is a summary of key market segments: South Korea BNPL Market Size and Spending Pattern, 2020-2029 • Gross Merchandise Value Trend Analysis • Average Value Per Transaction Trend Analysis • Transaction Volume Trend Analysis South Korea Buy Now Pay Later Revenue Analysis, 2020-2029 • Buy Now Pay Later Revenues • Buy Now Pay Later Share by Revenue Segments • Buy Now Pay Later Revenue by Merchant Commission • Buy Now Pay Later Revenue by Missed Payment Fee Revenue • Buy Now Pay Later Revenue by Pay Now & Other Income South Korea Buy Now Pay Later Operational KPIs & Statistics, 2020-2029 • Buy Now Pay Later Active Consumer Base • Buy Now Pay Later Bad Debt South Korea BNPL by Purpose, 2020-2029 • Convenience – Short Term Loans • Credit – Long Term Loans South Korea BNPL by Business Model, 2020-2029 • Two-Party (BNPL offered by retailers) • Three-Party BNPL Offering South Korea BNPL by Merchant Ecosystem, 2020-2029 • Open Loop System • Closed Loop System South Korea BNPL by Distribution Model Analysis, 2020-2029 • Standalone • Banks & Payment Service Providers • Marketplaces South Korea Buy Now Pay Later Market Share Analysis by Key Players South Korea BNPL Analysis by Channel, 2020-2029 • Online Channel • POS Channel South Korea Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2020-2029 • Gross Merchandise Value Trend Analysis • Average Value Per Transaction Trend Analysis • Transaction Volume Trend Analysis South Korea Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2020-2029 • Gross Merchandise Value Trend Analysis • Average Value Per Transaction Trend Analysis • Transaction Volume Trend Analysis South Korea Buy Now Pay Later in Travel: Market Size and Forecast, 2020-2029 • Gross Merchandise Value Trend Analysis • Average Value per Transaction Trend Analysis • Transaction Volume Trend Analysis South Korea Buy Now Pay Later in Media and Entertainment: Market Size and Forecast, 2020-2029 • Gross Merchandise Value Trend Analysis • Average Value per Transaction Trend Analysis • Transaction Volume Trend Analysis South Korea Buy Now Pay Later in Services: Market Size and Forecast, 2020-2029 • Gross Merchandise Value Trend Analysis • Average Value Per Transaction Trend Analysis • Transaction Volume Trend Analysis South Korea Buy Now Pay Later in Automotive: Market Size and Forecast, 2020-2029 • Gross Merchandise Value Trend Analysis • Average Value Per Transaction Trend Analysis • Transaction Volume Trend Analysis South Korea Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2020-2029 • Gross Merchandise Value Trend Analysis • Average Value Per Transaction Trend Analysis • Transaction Volume Trend Analysis South Korea Buy Now Pay Later in Others: Market Size and Forecast • Gross Merchandise Value Trend Analysis • Average Value Per Transaction Trend Analysis • Transaction Volume Trend Analysis South Korea Buy Now Pay Later Analysis by Consumer Attitude and Behaviour • Sales Uplift by Product Category • Share by Age Group • Share by Income • Share by Gender • Adoption Rationale • Average Monthly Expense segments
• Gain a thorough grasp of the dynamics of the industry for Buy Now Pay Later: Determine key trends, market opportunities, and projections for the years 2020–2029. To keep on top of the game, utilise critical KPIs such as volume, average value per transaction, and gross merchandise value to understand market trends. • Get market dynamics by end-use sectors and assess new prospects across various end-use sectors to quickly stay up to date on the most recent and impending developments in BNPL markets. • Market-specific strategies include identifying growth areas that are concentrated on particular opportunities and using our unique combination of quantitative forecasting and cutting-edge insights to analyse market-specific risks and significant trends in the BNPL sector. • Learn about the attitudes and behaviours of consumers: This study uses information from a proprietary survey to identify and interpret key Buy Now Pay Later KPIs, such as spending by age, gender, and income level. • Create profitable and proactive business plans by utilising market research and a forward-looking study of BNPL market spend and significant prospects in South Korea.
1 About this Report 1.1 Summary 1.2 Methodology 1.3 BNPL Definitions 1.4 Disclaimer 2 South Korea Buy Now Pay Later Industry Attractiveness 2.1 South Korea Buy Now Pay Later – Gross Merchandise Value Trend Analysis, 2020-2029 2.2 South Korea Buy Now Pay Later – Average Value Per Transaction Trend Analysis, 2020-2029 2.3 South Korea Buy Now Pay Later—Transaction Volume Trend Analysis, 2020-2029 2.4 South Korea Buy Now Pay Later Market Share Analysis by Key Players 3 South Korea Buy Now Pay Later Operational KPIs 3.1 Buy Now Pay Later Revenues, 2020-2029 3.2 Buy Now Pay Later Share by Revenue Segments, 2020-2029 3.2.1 Buy Now Pay Later Revenue by Merchant Commission, 2020-2029 3.2.2 Buy Now Pay Later Revenue by Missed Payment Fee Revenue, 2020-2029 3.2.3 Buy Now Pay Later Revenue by Pay Now & Other Income, 2020-2029 3.3 Buy Now Pay Later Active Consumer Base, 2020-2029 3.4 Buy Now Pay Later Bad Debt, 2020 – 2024 – 2029 4 Buy Now Pay Later Spend Analysis by Business Model, 2020-2029 4.1 Buy Now Pay Later Two-Party Business Model, 2020-2029 4.2 Buy Now Pay Later Three-Party Business Model, 2020-2029 5 Buy Now Pay Later Spend Analysis by Purpose, 2020-2029 5.1 Buy Now Pay Later Convenience, 2020-2029 5.2 Buy Now Pay Later Credit, 2020-2029 6 Buy Now Pay Later Spend Analysis by Functional Attribute, 2020-2029 6.1 Buy Now Pay Later by Open Loop System, 2020-2029 6.2 Buy Now Pay Later by Closed Loop System, 2020-2029 7 Buy Now Pay Later Spend Analysis by Distribution Model, 2020-2029 7.1 Buy Now Pay Later by Standalone, 2020-2029 7.2 Buy Now Pay Later by Banks & Payment Service Providers, 2020-2029 7.3 Buy Now Pay Later by Marketplaces, 2020-2029 8 South Korea Buy Now Pay Later Spend Analysis by Sales Channel 8.1 Buy Now Pay Later Market Share by Sales Channel, 2020-2029 8.2 Buy Now Pay Later Online Channel Market Size and Forecast, 2020-2029 8.3 Buy Now Pay Later POS Channel Market Size and Forecast, 2020-2029 9 South Korea Buy Now Pay Later Snapshot by End-Use Sector, 2020-2029 9.1 Buy Now Pay Later Market Share by End-Use Sector, 2023 9.2 Buy Now Pay Later Sales Uplift by End-Use Segment, 2023 10 South Korea Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2020-2029 10.1 South Korea Buy Now Pay Later Retail Shopping – Gross Merchandise Value Trend Analysis, 2020-2029 10.2 South Korea Buy Now Pay Later Retail Shopping – Average Value Per Transaction Trend Analysis, 2020-2029 10.3 South Korea Buy Now Pay Later Retail Shopping – Transaction Volume Trend Analysis, 2020-2029 11 South Korea Buy Now Pay Later Market Size and Forecast by Retail Product Categories 11.1 Buy Now Pay Later Share by Retail Product Category, 2023 11.2 South Korea Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories – Gross Merchandise Value Trend Analysis, 2020-2029 11.3 South Korea Buy Now Pay Later Retail Shopping - Consumer Electronics – Gross Merchandise Value Trend Analysis, 2020-2029 11.5 South Korea Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies – Gross Merchandise Value Trend Analysis, 2020-2029 11.6 South Korea Buy Now Pay Later Retail Shopping - Jewellery – Gross Merchandise Value Trend Analysis, 2020-2029 11.7 South Korea Buy Now Pay Later Retail Shopping - Sporting Goods – Gross Merchandise Value Trend Analysis, 2020-2029 11.8 South Korea Buy Now Pay Later Retail Shopping - Entertainment & Gaming – Gross Merchandise Value Trend Analysis, 2020-2029 11.9 South Korea Buy Now Pay Later Retail Shopping - Others – Gross Merchandise Value Trend Analysis, 2020-2029 12 South Korea Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2020-2029 12.1 South Korea Buy Now Pay Later Home Improvement – Gross Merchandise Value Trend Analysis, 2020-2029 12.2 South Korea Buy Now Pay Later Home Improvement – Average Value Per Transaction Trend Analysis, 2020-2029 12.3 South Korea Buy Now Pay Later Home Improvement – Transaction Volume Trend Analysis, 2020-2029 13 South Korea Buy Now Pay Later in Travel: Market Size and Forecast, 2020-2029 13.1 South Korea Buy Now Pay Later Travel – Gross Merchandise Value Trend Analysis, 2020-2029 13.2 South Korea Buy Now Pay Later Travel – Average Value Per Transaction Trend Analysis, 2020-2029 13.3 South Korea Buy Now Pay Later Travel – Transaction Volume Trend Analysis, 2020-2029 14 South Korea Buy Now Pay Later in Media and Entertainment: Market Size and Forecast, 2020-2029 14.1 South Korea Buy Now Pay Later Media and Entertainment – Gross Merchandise Value Trend Analysis, 2020-2029 14.2 South Korea Buy Now Pay Later Media and Entertainment – Average Value Per Transaction Trend Analysis, 2020-2029 14.3 South Korea Buy Now Pay Later Media and Entertainment – Transaction Volume Trend Analysis, 2020-2029 15 South Korea Buy Now Pay Later in Service: Market Size and Forecast, 2020-2029 15.1 South Korea Buy Now Pay Later Service – Gross Merchandise Value Trend Analysis, 2020-2029 15.2 South Korea Buy Now Pay Later Service – Average Value Per Transaction Trend Analysis, 2020-2029 15.3 South Korea Buy Now Pay Later Service – Transaction Volume Trend Analysis, 2020-2029 16 South Korea Buy Now Pay Later in Automotive: Market Size and Forecast, 2020-2029 16.1 South Korea Buy Now Pay Later Automotive – Gross Merchandise Value Trend Analysis, 2020-2029 16.2 South Korea Buy Now Pay Later Automotive – Average Value Per Transaction Trend Analysis, 2020-2029 16.3 South Korea Buy Now Pay Later Automotive – Transaction Volume Trend Analysis, 2020-2029 17 South Korea Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2020-2029 17.1 South Korea Buy Now Pay Later Healthcare and Wellness – Gross Merchandise Value Trend Analysis, 2020-2029 17.2 South Korea Buy Now Pay Later Healthcare and Wellness – Average Value Per Transaction Trend Analysis, 2020-2029 17.3 South Korea Buy Now Pay Later Healthcare and Wellness – Transaction Volume Trend Analysis, 2020-2029 18 South Korea Buy Now Pay Later in Others: Market Size and Forecast, 2020-2029 18.1 South Korea Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis, 2020-2029 18.2 South Korea Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis, 2020-2029 18.3 South Korea Buy Now Pay Later Others – Transaction Volume Trend Analysis, 2020-2029 19 South Korea Buy Now Pay Later Analysis by Consumer Attitude and Behaviour, 2020-2029 19.1 Buy Now Pay Later Spend Share by Age Group, 2023 19.1.1 South Korea Buy Now Pay Later by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis, 2020-2029 19.1.2 South Korea Buy Now Pay Later by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis, 2020-2029 19.1.3 South Korea Buy Now Pay Later by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis, 2020-2029 19.1.4 South Korea Buy Now Pay Later by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis, 2020-2029 19.2 Buy Now Pay Later Spend Share by Default Rate by Age Group, 2023 19.3 Buy Now Pay Later Share by Income, 2023 19.3.1 South Korea Buy Now Pay Later by Income Level – Tier 1 – Gross Merchandise Value Trend Analysis, 2020-2029 19.3.2 South Korea Buy Now Pay Later by Income Level – Tier 2 – Gross Merchandise Value Trend Analysis, 2020-2029 19.3.3 South Korea Buy Now Pay Later by Income Level – Tier 3 – Gross Merchandise Value Trend Analysis, 2020-2029 19.4 Buy Now Pay Later Gross Merchandise Value Share by Gender, 2023 19.5 Buy Now Pay Later Adoption Rationale, 2023 19.6 South Korea Buy Now Pay Later Market – Spend by Average Monthly Expense Segments, 2023 20 Further Reading 20.1 About PayNXT360 20.2 Related Research
Table 1: South Korea Buy Now Pay Later – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 2: South Korea Buy Now Pay Later – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 3: South Korea Buy Now Pay Later – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 4: South Korea Buy Now Pay Later – Revenues (US$ Million), 2020-2029 Table 5: South Korea Buy Now Pay Later – Merchant Commission (US$ Million), 2020-2029 Table 6: South Korea Buy Now Pay Later – Missed Payment Fee Revenue (US$ Million), 2020-2029 Table 7: South Korea Buy Now Pay Later Pay Now – Other Income (US$ Million), 2020-2029 Table 8: South Korea Buy Now Pay Later – Active Consumer Base (Thousand), 2020-2029 Table 9: South Korea Buy Now Pay Later – Bad Debt (US$ Million), 2022-2024-2029 Table 10: South Korea Buy Now Pay Later – Two-Party Business Model (US$ Million), 2020-2029 Table 11: South Korea Buy Now Pay Later – Three-Party Business Model (US$ Million), 2020-2029 Table 12: South Korea Buy Now Pay Later – Convenience (US$ Million), 2020-2029 Table 13: South Korea Buy Now Pay Later – Credit (US$ Million), 2020-2029 Table 14: South Korea Buy Now Pay Later – Open Loop System (US$ Million), 2020-2029 Table 15: South Korea Buy Now Pay Later – Closed Loop System (US$ Million), 2020-2029 Table 16: South Korea Buy Now Pay Later – Standalone (US$ Million), 2020-2029 Table 17: South Korea Buy Now Pay Later – Banks & Payment Service Providers (US$ Million), 2020-2029 Table 18: South Korea Buy Now Pay Later – Marketplaces (US$ Million), 2020-2029 Table 19: South Korea Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2020-2029 Table 20: South Korea Buy Now Pay Later – Gross Merchandise Value by POS Channel (US$ Million), 2020-2029 Table 21: South Korea Buy Now Pay Later Retail Shopping – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 22: South Korea Buy Now Pay Later Retail Shopping – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 23: South Korea Buy Now Pay Later Retail Shopping – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 24: South Korea Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 25: South Korea Buy Now Pay Later Retail Shopping - Consumer Electronics – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 26: South Korea Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 27: South Korea Buy Now Pay Later Retail Shopping - Jewellery – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 28: South Korea Buy Now Pay Later Retail Shopping - Sporting Goods – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 29: South Korea Buy Now Pay Later Retail Shopping - Entertainment & Gaming – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 30: South Korea Buy Now Pay Later Retail Shopping - Others – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 31: South Korea Buy Now Pay Later Home Improvement – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 32: South Korea Buy Now Pay Later Home Improvement – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 33: South Korea Buy Now Pay Later Retail Shopping Home Improvement – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 34: South Korea Buy Now Pay Later Travel – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 35: South Korea Buy Now Pay Later Travel – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 36: South Korea Buy Now Pay Later Travel – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 37: South Korea Buy Now Pay Later Media and Entertainment – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 38: South Korea Buy Now Pay Later Media and Entertainment – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 39: South Korea Buy Now Pay Later Media and Entertainment – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 40: South Korea Buy Now Pay Later Service – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 41: South Korea Buy Now Pay Later Service– Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 42: South Korea Buy Now Pay Later Service – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 43: South Korea Buy Now Pay Later Automotive – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 44: South Korea Buy Now Pay Later Automotive – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 45: South Korea Buy Now Pay Later Automotive – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 46: South Korea Buy Now Pay Later Healthcare and Wellness – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 47: South Korea Buy Now Pay Later Healthcare and Wellness – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 48: South Korea Buy Now Pay Later Healthcare and Wellness – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 49: South Korea Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 50: South Korea Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 51: South Korea Buy Now Pay Later Others – Transaction Volume Trend Analysis (Thousand), 2020-2029 Table 52: South Korea Buy Now Pay Later by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 53: South Korea Buy Now Pay Later by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 54: South Korea Buy Now Pay Later by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 55: South Korea Buy Now Pay Later by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 56: South Korea Buy Now Pay Later by Income Level – Tier 1 – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 57: South Korea Buy Now Pay Later by Income Level – Tier 2 – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 58: South Korea Buy Now Pay Later by Income Level – Tier 3 – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029
Figure 1: PayNXT360’s Methodology Framework Figure 2: South Korea Buy Now Pay Later – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 3: South Korea Buy Now Pay Later – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 4: South Korea Buy Now Pay Later – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 5: South Korea Buy Now Pay Later – Market Share Analysis by Key Players (by Value), 2023 Figure 6: South Korea Buy Now Pay Later – Revenues (US$ Million), 2020-2029 Figure 7: Buy Now Pay Later Share - Revenue Segments (%), 2020-2029 Figure 8: South Korea Buy Now Pay Later – Merchant Commission (US$ Million), 2020-2029 Figure 9: South Korea Buy Now Pay Later – Missed Payment Fee Revenue (US$ Million), 2020-2029 Figure 10: South Korea Buy Now Pay Later Pay Now – Other Income (US$ Million), 2020-2029 Figure 11: South Korea Buy Now Pay Later – Active Consumer Base (Thousand), 2020-2029 Figure 12: South Korea Buy Now Pay Later – Bad Debt (US$ Million), 2020-2024-2029 Figure 13: South Korea Buy Now Pay Later Spend Analysis by Business Model (%), 2020-2029 Figure 14: South Korea Buy Now Pay Later – Two-Party Business Model (US$ Million), 2020-2029 Figure 15: South Korea Buy Now Pay Later – Three-Party Business Model (US$ Million), 2020-2029 Figure 16: South Korea Buy Now Pay Later Spend Analysis by Purpose (%), 2020-2029 Figure 17: South Korea Buy Now Pay Later – Convenience (US$ Million), 2020-2029 Figure 18: South Korea Buy Now Pay Later – Credit (US$ Million), 2020-2029 Figure 19: South Korea Buy Now Pay Later Spend Analysis by Functional Attribute (%), 2020-2029 Figure 20: South Korea Buy Now Pay Later – Open Loop System (US$ Million), 2020-2029 Figure 21: South Korea Buy Now Pay Later – Closed Loop System (US$ Million), 2020-2029 Figure 22: South Korea Buy Now Pay Later Spend Analysis by Distribution Model (%), 2020-2029 Figure 23: South Korea Buy Now Pay Later – Standalone (US$ Million), 2020-2029 Figure 24: South Korea Buy Now Pay Later – Banks & Payment Service Providers (US$ Million), 2020-2029 Figure 25: South Korea Buy Now Pay Later – Marketplaces (US$ Million), 2020-2029 Figure 26: South Korea Buy Now Pay Later – Gross Merchandise Value Market Share by Sales Channel (%), 2020-2029 Figure 27: South Korea Buy Now Pay Later – Gross Merchandise Value by Online Channel (US$ Million), 2020-2029 Figure 28: South Korea Buy Now Pay Later – Gross Merchandise Value by POS Channel (US$ Million), 2020-2029 Figure 29: South Korea Buy Now Pay Later – Market Share by End-Use Sector (%), 2023 Figure 30: South Korea Buy Now Pay Later – Market Share by End-Use Segment (%), 2023 Figure 31: South Korea Buy Now Pay Later Retail Shopping – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 32: South Korea Buy Now Pay Later Retail Shopping – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 33: South Korea Buy Now Pay Later Retail Shopping – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 34: South Korea Buy Now Pay Later – Market Share by Retail Product Category (%), 2023 Figure 35: South Korea Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 36: South Korea Buy Now Pay Later Retail Shopping - Consumer Electronics – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 37: South Korea Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 38: South Korea Buy Now Pay Later Retail Shopping - Jewellery– Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 39: South Korea Buy Now Pay Later Retail Shopping - Sporting Goods – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 40: South Korea Buy Now Pay Later Retail Shopping - Entertainment & Gaming – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 41: South Korea Buy Now Pay Later Retail Shopping - Others – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 42: South Korea Buy Now Pay Later Home Improvement – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 43: South Korea Buy Now Pay Later Home Improvement – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 44: South Korea Buy Now Pay Later Home Improvement – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 45: South Korea Buy Now Pay Later Travel – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 46: South Korea Buy Now Pay Later Travel – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 47: South Korea Buy Now Pay Later Travel – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 48: South Korea Buy Now Pay Later Media and Entertainment – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 49: South Korea Buy Now Pay Later Media and Entertainment – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 50: South Korea Buy Now Pay Later Media and Entertainment – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 51: South Korea Buy Now Pay Later Service – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 52: South Korea Buy Now Pay Later Service – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 53: South Korea Buy Now Pay Later Service – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 54: South Korea Buy Now Pay Later Automotive – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 55: South Korea Buy Now Pay Later Automotive – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 56: South Korea Buy Now Pay Later Automotive – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 57: South Korea Buy Now Pay Later Healthcare and Wellness – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 58: South Korea Buy Now Pay Later Healthcare and Wellness – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 59: South Korea Buy Now Pay Later Healthcare and Wellness – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 60: South Korea Buy Now Pay Later Others – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 61: South Korea Buy Now Pay Later Others – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 62: South Korea Buy Now Pay Later Others – Transaction Volume Trend Analysis (Thousand), 2020-2029 Figure 63: South Korea Buy Now Pay Later – Share by Age Group in Value Terms (%), 2023 Figure 64: South Korea Buy Now Pay Later by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 65: South Korea Buy Now Pay Later by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 66: South Korea Buy Now Pay Later by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 67: South Korea Buy Now Pay Later by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 68: South Korea Buy Now Pay Later – Share by Default Rate by Age Group in Value Terms (%), 2023 Figure 69: South Korea Buy Now Pay Later – Share by Income Group in Value Terms (%), 2023 Figure 70: South Korea Buy Now Pay Later by Income Level – Tier 1 – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 71: South Korea Buy Now Pay Later by Income Level – Tier 2 – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 72: South Korea Buy Now Pay Later by Income Level – Tier 3 – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 73: South Korea Buy Now Pay Later – Share by Gender in Value Terms (%), 2023 Figure 74: Buy Now Pay Later – Adoption Rationale by Value, 2023 Figure 75: South Korea Buy Now Pay Later – Average Monthly Expense Segments, 2023
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