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Report
South Korea Buy Now Pay Later Business and Investment Opportunities - 75+ KPIs on BNPL Market Size, End-Use Sectors, Market Share, Product Analysis, Business Model, Demographics - Q1 2025 Update
Market Report I 2025-02-10 I 88 Pages I PayNxt360
According to PayNXT360, BNPL payment market in South Korea is expected to grow by 13.8% on annual basis to reach US$4,301.7 million in 2025.
The BNPL market in the country experienced robust growth during 2021-2024, achieving a CAGR of 23.6%. This upward trajectory is expected to continue, with the market forecast to grow at a CAGR of 10.1% during 2025-2030. By the end of 2030, the BNPL sector is projected to expand from its 2024 value of USD 3,780.2 million to approximately USD 6,947.8 million.
This report provides a detailed data-centric analysis of the Buy Now Pay Later (BNPL) industry in South Korea, 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.
Key Insights
South Korea's BNPL market is expanding rapidly, driven by the growth of e-commerce and increasing consumer demand for flexible payment options. As major e-commerce platforms such as Naver Financial integrate BNPL services, adoption is expected to rise, further solidifying BNPL as a mainstream payment solution.
Over the next few years, competition among BNPL providers will intensify, with companies differentiating through strategic partnerships and service innovations. Collaborations between BNPL firms and retailers will enhance service accessibility and drive consumer engagement, further fueling market expansion. However, as BNPL grows, regulatory scrutiny may increase, requiring providers to balance innovation with compliance to ensure responsible lending practices and consumer protection.
Rapid Expansion of BNPL Services
- The increasing adoption of BNPL services is largely driven by shifting consumer preferences toward more flexible and interest-free payment options. As BNPL continues to gain traction, it is becoming a key part of South Korea's digital financial ecosystem, particularly within the e-commerce sector.
- The rise of online shopping platforms has significantly contributed to the demand for BNPL solutions as consumers seek alternatives to traditional credit cards. Many prefer BNPL due to its transparent fee structures and ease of use, making it an attractive option for those looking to manage their expenses more effectively. As a result, major e-commerce players and financial institutions are expanding their BNPL offerings to capture a larger share of this growing market.
- Over the next few years, companies will likely expand their services, form strategic partnerships, and introduce new financial products tailored to consumer needs. As regulatory oversight increases, BNPL providers must also focus on responsible lending practices to ensure sustainable growth and maintain consumer trust.
Integration of BNPL into E-commerce Platforms
- Integrating BNPL services into major e-commerce platforms in South Korea is transforming the digital payment landscape. Naver Financial's introduction of BNPL within its payment platform allows consumers to defer payments while shopping within Naver's extensive ecosystem. This move aligns with broader efforts by e-commerce companies to enhance customer convenience and drive higher transaction volumes.
- The growing demand for flexible financing solutions in the e-commerce sector is the primary driver behind this trend. As online shopping expands, consumers seek alternatives to traditional credit options that offer greater transparency and affordability. By embedding BNPL services directly into e-commerce platforms, providers can increase accessibility and improve users' overall shopping experience.
- Over the next few years, the continued integration of BNPL into various sectors is expected to accelerate digital payment adoption. As more e-commerce platforms implement BNPL solutions, consumer reliance on these payment methods will likely increase, contributing to a more inclusive financial ecosystem. However, this expansion may also attract increased regulatory scrutiny to ensure responsible lending and protect consumers from potential financial risks.
Strategic Partnerships Enhancing BNPL Reach
- Strategic partnerships between BNPL providers and retailers are crucial in expanding the reach of BNPL services in South Korea. Naver Financial's collaboration with various retailers to integrate BNPL options into their platforms demonstrates how these alliances benefit consumers and merchants. By embedding BNPL solutions within retail ecosystems, providers can drive higher sales volumes while offering shoppers more flexible payment choices.
- The main driver behind this trend is the ability of BNPL providers to leverage established customer bases and merchant networks for faster market penetration. Retailers benefit from increased conversion rates, while BNPL firms gain access to a broader audience, strengthening their competitive position. These collaborations also help diversify BNPL offerings, enabling providers to expand into different sectors beyond e-commerce, such as travel, healthcare, and essential services.
- Over the next few years, BNPL partnerships are expected to further accelerate the adoption of installment-based payment solutions. As more companies integrate BNPL into their business models, the competition among providers will intensify, leading to greater innovation in service offerings. However, regulatory oversight may also increase to ensure consumer protection and responsible lending, influencing how these partnerships evolve.
Competitive Landscape and Regulatory Developments in South Korea's Buy Now, Pay Later (BNPL) Market
South Korea's BNPL market is growing rapidly, with key players such as Naver Financial, Coupang, Toss Bank, and Hyundai Card expanding their services to meet increasing consumer demand. Strategic partnerships and product launches have fueled market competition, allowing BNPL providers to integrate their services into major e-commerce and financial ecosystems. As BNPL becomes a mainstream payment option, providers focus on service diversification and enhanced user engagement to drive adoption.
The competitive landscape is expected to intensify, with new entrants and regulatory developments shaping the market. The Financial Services Commission's recent Electronic Financial Transactions Act amendments impose stricter transparency, credit assessment, and consumer protection measures on BNPL providers. As regulatory oversight strengthens, BNPL companies must balance innovation with compliance, ensuring sustainable growth while maintaining consumer trust and financial stability.
Current State of the BNPL Market
- South Korea's BNPL market is expanding rapidly, driven by increasing consumer demand for flexible payment solutions and the continued rise of e-commerce. The sector is becoming integral to the country's digital financial ecosystem. Major financial institutions and e-commerce platforms actively integrate BNPL services to capture market share and enhance customer engagement.
- As adoption grows, competition among BNPL providers intensifies, with key players such as Naver Financial, Coupang, Toss Bank, and Hyundai Card expanding their offerings. These companies leverage strategic partnerships and technological advancements to scale their BNPL services. The market is expected to evolve in the coming years, with increasing regulatory oversight shaping how BNPL providers operate and ensuring responsible lending practices.
Key Players and New Entrants
- Naver Financial: Naver Financial has broadened its payment platform by introducing a BNPL feature, enabling users to purchase deferred payments within Naver's extensive e-commerce ecosystem.
- Coupang: Coupang, one of South Korea's largest e-commerce platforms, has launched its BNPL service to boost transaction volumes and enhance customer retention by offering more flexible payment options.
- Toss Bank: Toss Bank has advanced its BNPL service, increasing user engagement and transaction volumes and indicating strong customer adoption.
- Hyundai Card: Hyundai Card has upgraded its BNPL offerings by integrating them with its existing credit services, allowing customers to use BNPL across various retail partners.
Outlook
- Over the next 2-4 years, South Korea's BNPL market is expected to expand, driven by ongoing digitalization and increasing consumer demand for flexible payment options. However, the competitive landscape will likely intensify as new entrants emerge and existing players enhance their offerings. Regulatory scrutiny is also anticipated to increase, with the potential for more stringent guidelines to ensure responsible lending practices and consumer protection. Providers must navigate this evolving environment by focusing on innovation, strategic partnerships, and compliance with regulatory standards to maintain and grow their market share.
Regulatory Changes
- Recent regulatory changes in South Korea's BNPL sector signal increasing government oversight to ensure consumer protection and responsible lending. In July 2024, the Financial Services Commission (FSC) amended the Electronic Financial Transactions Act (EFTA), requiring BNPL providers to enhance transparency in disclosing fees, interest rates, and other terms. This change aims to address concerns about hidden costs and improve financial literacy among consumers using installment-based payment services.
- The FSC also introduced suitability checks, mandating that BNPL providers assess a consumer's repayment ability before extending credit. This measure is intended to prevent excessive borrowing and mitigate over-indebtedness risks, particularly among younger consumers and those with limited financial stability. New consumer protection regulations also limit excessive late fees and unfair lending practices, reinforcing the government's commitment to responsible credit expansion.
- In response to the sector's rapid growth, the FSC is considering a licensing system for BNPL providers to bring greater stability and regulatory oversight. This framework would standardize industry practices and create a more structured environment for consumers and businesses. As regulations evolve, BNPL providers must adapt their operational models to comply with new legal requirements while maintaining competitive and customer-centric offerings.
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, 2021-2030
2.2 South Korea Buy Now Pay Later - Average Value Per Transaction Trend Analysis, 2021-2030
2.3 South Korea Buy Now Pay Later-Transaction Volume Trend Analysis, 2021-2030
2.4 South Korea Buy Now Pay Later Market Share Analysis by Key Players, 2024
3 South Korea Buy Now Pay Later Operational KPIs
3.1 Buy Now Pay Later Revenues, 2021-2030
3.2 Buy Now Pay Later Share by Revenue Segments, 2021-2030
3.2.1 Buy Now Pay Later Revenue by Merchant Commission, 2021-2030
3.2.2 Buy Now Pay Later Revenue by Missed Payment Fee Revenue, 2021-2030
3.2.3 Buy Now Pay Later Revenue by Pay Now & Other Income, 2021-2030
3.3 Buy Now Pay Later Active Consumer Base, 2021-2030
3.4 Buy Now Pay Later Bad Debt, 2021 - 2024 - 2030
4 Buy Now Pay Later Spend Analysis by Business Model, 2021-2030
4.1 Buy Now Pay Later Two-Party Business Model, 2021-2030
4.2 Buy Now Pay Later Three-Party Business Model, 2021-2030
5 Buy Now Pay Later Spend Analysis by Purpose, 2021-2030
5.1 Buy Now Pay Later Convenience, 2021-2030
5.2 Buy Now Pay Later Credit, 2021-2030
6 Buy Now Pay Later Spend Analysis by Functional Attribute, 2021-2030
6.1 Buy Now Pay Later by Open Loop System, 2021-2030
6.2 Buy Now Pay Later by Closed Loop System, 2021-2030
7 Buy Now Pay Later Spend Analysis by Distribution Model, 2021-2030
7.1 Buy Now Pay Later by Standalone, 2021-2030
7.2 Buy Now Pay Later by Banks & Payment Service Providers, 2021-2030
7.3 Buy Now Pay Later by Marketplaces, 2021-2030
8 South Korea Buy Now Pay Later Spend Analysis by Sales Channel
8.1 Buy Now Pay Later Market Share by Sales Channel, 2021-2030
8.2 Buy Now Pay Later Online Channel Market Size and Forecast, 2021-2030
8.3 Buy Now Pay Later POS Channel Market Size and Forecast, 2021-2030
9 South Korea Buy Now Pay Later Snapshot by End-Use Sector, 2021-2030
9.1 Buy Now Pay Later Market Share by End-Use Sector, 2024
9.2 Buy Now Pay Later Sales Uplift by End-Use Segment, 2024
10 South Korea Buy Now Pay Later in Retail Shopping: Market Size and Forecast, 2021-2030
10.1 South Korea Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis, 2021-2030
10.2 South Korea Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis, 2021-2030
10.3 South Korea Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis, 2021-2030
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, 2024
11.2 South Korea Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories - Gross Merchandise Value Trend Analysis, 2021-2030
11.3 South Korea Buy Now Pay Later Retail Shopping - Consumer Electronics - Gross Merchandise Value Trend Analysis, 2021-2030
11.5 South Korea Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies - Gross Merchandise Value Trend Analysis, 2021-2030
11.6 South Korea Buy Now Pay Later Retail Shopping - Jewellery - Gross Merchandise Value Trend Analysis, 2021-2030
11.7 South Korea Buy Now Pay Later Retail Shopping - Sporting Goods - Gross Merchandise Value Trend Analysis, 2021-2030
11.8 South Korea Buy Now Pay Later Retail Shopping - Entertainment & Gaming - Gross Merchandise Value Trend Analysis, 2021-2030
11.9 South Korea Buy Now Pay Later Retail Shopping - Others - Gross Merchandise Value Trend Analysis, 2021-2030
12 South Korea Buy Now Pay Later in Home Improvement: Market Size and Forecast, 2021-2030
12.1 South Korea Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis, 2021-2030
12.2 South Korea Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis, 2021-2030
12.3 South Korea Buy Now Pay Later Home Improvement - Transaction Volume Trend Analysis, 2021-2030
13 South Korea Buy Now Pay Later in Travel: Market Size and Forecast, 2021-2030
13.1 South Korea Buy Now Pay Later Travel - Gross Merchandise Value Trend Analysis, 2021-2030
13.2 South Korea Buy Now Pay Later Travel - Average Value Per Transaction Trend Analysis, 2021-2030
13.3 South Korea Buy Now Pay Later Travel - Transaction Volume Trend Analysis, 2021-2030
14 South Korea Buy Now Pay Later in Media and Entertainment: Market Size and Forecast, 2021-2030
14.1 South Korea Buy Now Pay Later Media and Entertainment - Gross Merchandise Value Trend Analysis, 2021-2030
14.2 South Korea Buy Now Pay Later Media and Entertainment - Average Value Per Transaction Trend Analysis, 2021-2030
14.3 South Korea Buy Now Pay Later Media and Entertainment - Transaction Volume Trend Analysis, 2021-2030
15 South Korea Buy Now Pay Later in Service: Market Size and Forecast, 2021-2030
15.1 South Korea Buy Now Pay Later Service - Gross Merchandise Value Trend Analysis, 2021-2030
15.2 South Korea Buy Now Pay Later Service - Average Value Per Transaction Trend Analysis, 2021-2030
15.3 South Korea Buy Now Pay Later Service - Transaction Volume Trend Analysis, 2021-2030
16 South Korea Buy Now Pay Later in Automotive: Market Size and Forecast, 2021-2030
16.1 South Korea Buy Now Pay Later Automotive - Gross Merchandise Value Trend Analysis, 2021-2030
16.2 South Korea Buy Now Pay Later Automotive - Average Value Per Transaction Trend Analysis, 2021-2030
16.3 South Korea Buy Now Pay Later Automotive - Transaction Volume Trend Analysis, 2021-2030
17 South Korea Buy Now Pay Later in Healthcare and Wellness: Market Size and Forecast, 2021-2030
17.1 South Korea Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis, 2021-2030
17.2 South Korea Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis, 2021-2030
17.3 South Korea Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis, 2021-2030
18 South Korea Buy Now Pay Later in Others: Market Size and Forecast, 2021-2030
18.1 South Korea Buy Now Pay Later Others - Gross Merchandise Value Trend Analysis, 2021-2030
18.2 South Korea Buy Now Pay Later Others - Average Value Per Transaction Trend Analysis, 2021-2030
18.3 South Korea Buy Now Pay Later Others - Transaction Volume Trend Analysis, 2021-2030
19 South Korea Buy Now Pay Later Analysis by Consumer Attitude and Behaviour, 2021-2030
19.1 Buy Now Pay Later Spend Share by Age Group, 2024
19.1.1 South Korea Buy Now Pay Later by Age Group - Gen Z (15-27) - Gross Merchandise Value Trend Analysis, 2021-2030
19.1.2 South Korea Buy Now Pay Later by Age Group - Millennials (28-44) - Gross Merchandise Value Trend Analysis, 2021-2030
19.1.3 South Korea Buy Now Pay Later by Age Group - Gen X (45 - 60) - Gross Merchandise Value Trend Analysis, 2021-2030
19.1.4 South Korea Buy Now Pay Later by Age Group - Baby Boomers (60+) - Gross Merchandise Value Trend Analysis, 2021-2030
19.2 Buy Now Pay Later Spend Share by Default Rate by Age Group, 2024
19.3 Buy Now Pay Later Share by Income, 2024
19.3.1 South Korea Buy Now Pay Later by Income Level - Tier 1 - Gross Merchandise Value Trend Analysis, 2021-2030
19.3.2 South Korea Buy Now Pay Later by Income Level - Tier 2 - Gross Merchandise Value Trend Analysis, 2021-2030
19.3.3 South Korea Buy Now Pay Later by Income Level - Tier 3 - Gross Merchandise Value Trend Analysis, 2021-2030
19.4 Buy Now Pay Later Gross Merchandise Value Share by Gender, 2024
19.5 Buy Now Pay Later Adoption Rationale, 2024
19.6 South Korea Buy Now Pay Later Market - Spend by Monthly Expense Segments, 2024
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), 2021-2030
Table 2: South Korea Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 3: South Korea Buy Now Pay Later - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 4: South Korea Buy Now Pay Later - Revenues (US$ Million), 2021-2030
Table 5: South Korea Buy Now Pay Later - Merchant Commission (US$ Million), 2021-2030
Table 6: South Korea Buy Now Pay Later - Missed Payment Fee Revenue (US$ Million), 2021-2030
Table 7: South Korea Buy Now Pay Later Pay Now - Other Income (US$ Million), 2021-2030
Table 8: South Korea Buy Now Pay Later - Active Consumer Base (Thousand), 2021-2030
Table 9: South Korea Buy Now Pay Later - Bad Debt (US$ Million), 2022-2024-2030
Table 10: South Korea Buy Now Pay Later - Two-Party Business Model (US$ Million), 2021-2030
Table 11: South Korea Buy Now Pay Later - Three-Party Business Model (US$ Million), 2021-2030
Table 12: South Korea Buy Now Pay Later - Convenience (US$ Million), 2021-2030
Table 13: South Korea Buy Now Pay Later - Credit (US$ Million), 2021-2030
Table 14: South Korea Buy Now Pay Later - Open Loop System (US$ Million), 2021-2030
Table 15: South Korea Buy Now Pay Later - Closed Loop System (US$ Million), 2021-2030
Table 16: South Korea Buy Now Pay Later - Standalone (US$ Million), 2021-2030
Table 17: South Korea Buy Now Pay Later - Banks & Payment Service Providers (US$ Million), 2021-2030
Table 18: South Korea Buy Now Pay Later - Marketplaces (US$ Million), 2021-2030
Table 19: South Korea Buy Now Pay Later - Gross Merchandise Value by Online Channel (US$ Million), 2021-2030
Table 20: South Korea Buy Now Pay Later - Gross Merchandise Value by POS Channel (US$ Million), 2021-2030
Table 21: South Korea Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 22: South Korea Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 23: South Korea Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 24: South Korea Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 25: South Korea Buy Now Pay Later Retail Shopping - Consumer Electronics - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 26: South Korea Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 27: South Korea Buy Now Pay Later Retail Shopping - Jewellery - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 28: South Korea Buy Now Pay Later Retail Shopping - Sporting Goods - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 29: South Korea Buy Now Pay Later Retail Shopping - Entertainment & Gaming - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 30: South Korea Buy Now Pay Later Retail Shopping - Others - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 31: South Korea Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 32: South Korea Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 33: South Korea Buy Now Pay Later Retail Shopping Home Improvement - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 34: South Korea Buy Now Pay Later Travel - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 35: South Korea Buy Now Pay Later Travel - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 36: South Korea Buy Now Pay Later Travel - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 37: South Korea Buy Now Pay Later Media and Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 38: South Korea Buy Now Pay Later Media and Entertainment - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 39: South Korea Buy Now Pay Later Media and Entertainment - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 40: South Korea Buy Now Pay Later Service - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 41: South Korea Buy Now Pay Later Service- Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 42: South Korea Buy Now Pay Later Service - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 43: South Korea Buy Now Pay Later Automotive - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 44: South Korea Buy Now Pay Later Automotive - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 45: South Korea Buy Now Pay Later Automotive - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 46: South Korea Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 47: South Korea Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 48: South Korea Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 49: South Korea Buy Now Pay Later Others - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 50: South Korea Buy Now Pay Later Others - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Table 51: South Korea Buy Now Pay Later Others - Transaction Volume Trend Analysis (Thousand), 2021-2030
Table 52: South Korea Buy Now Pay Later by Age Group - Gen Z (15-27) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 53: South Korea Buy Now Pay Later by Age Group - Millennials (28-44) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 54: South Korea Buy Now Pay Later by Age Group - Gen X (45 - 60) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 55: South Korea Buy Now Pay Later by Age Group - Baby Boomers (60+) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 56: South Korea Buy Now Pay Later by Income Level - Tier 1 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 57: South Korea Buy Now Pay Later by Income Level - Tier 2 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Table 58: South Korea Buy Now Pay Later by Income Level - Tier 3 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 1: PayNXT360's Methodology Framework
Figure 2: South Korea Buy Now Pay Later - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 3: South Korea Buy Now Pay Later - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 4: South Korea Buy Now Pay Later - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 5: South Korea Buy Now Pay Later - Market Share Analysis by Key Players (by Value), 2024
Figure 6: South Korea Buy Now Pay Later - Revenues (US$ Million), 2021-2030
Figure 7: Buy Now Pay Later Share - Revenue Segments (%), 2021-2030
Figure 8: South Korea Buy Now Pay Later - Merchant Commission (US$ Million), 2021-2030
Figure 9: South Korea Buy Now Pay Later - Missed Payment Fee Revenue (US$ Million), 2021-2030
Figure 10: South Korea Buy Now Pay Later Pay Now - Other Income (US$ Million), 2021-2030
Figure 11: South Korea Buy Now Pay Later - Active Consumer Base (Thousand), 2021-2030
Figure 12: South Korea Buy Now Pay Later - Bad Debt (US$ Million), 2021-2024-2030
Figure 13: South Korea Buy Now Pay Later Spend Analysis by Business Model (%), 2021-2030
Figure 14: South Korea Buy Now Pay Later - Two-Party Business Model (US$ Million), 2021-2030
Figure 15: South Korea Buy Now Pay Later - Three-Party Business Model (US$ Million), 2021-2030
Figure 16: South Korea Buy Now Pay Later Spend Analysis by Purpose (%), 2021-2030
Figure 17: South Korea Buy Now Pay Later - Convenience (US$ Million), 2021-2030
Figure 18: South Korea Buy Now Pay Later - Credit (US$ Million), 2021-2030
Figure 19: South Korea Buy Now Pay Later Spend Analysis by Functional Attribute (%), 2021-2030
Figure 20: South Korea Buy Now Pay Later - Open Loop System (US$ Million), 2021-2030
Figure 21: South Korea Buy Now Pay Later - Closed Loop System (US$ Million), 2021-2030
Figure 22: South Korea Buy Now Pay Later Spend Analysis by Distribution Model (%), 2021-2030
Figure 23: South Korea Buy Now Pay Later - Standalone (US$ Million), 2021-2030
Figure 24: South Korea Buy Now Pay Later - Banks & Payment Service Providers (US$ Million), 2021-2030
Figure 25: South Korea Buy Now Pay Later - Marketplaces (US$ Million), 2021-2030
Figure 26: South Korea Buy Now Pay Later - Gross Merchandise Value Market Share by Sales Channel (%), 2021-2030
Figure 27: South Korea Buy Now Pay Later - Gross Merchandise Value by Online Channel (US$ Million), 2021-2030
Figure 28: South Korea Buy Now Pay Later - Gross Merchandise Value by POS Channel (US$ Million), 2021-2030
Figure 29: South Korea Buy Now Pay Later - Market Share by End-Use Sector (%), 2024
Figure 30: South Korea Buy Now Pay Later - Market Share by End-Use Segment (%), 2024
Figure 31: South Korea Buy Now Pay Later Retail Shopping - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 32: South Korea Buy Now Pay Later Retail Shopping - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 33: South Korea Buy Now Pay Later Retail Shopping - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 34: South Korea Buy Now Pay Later - Market Share by Retail Product Category (%), 2024
Figure 35: South Korea Buy Now Pay Later Retail Shopping - Apparel, Footwear & Accessories - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 36: South Korea Buy Now Pay Later Retail Shopping - Consumer Electronics - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 37: South Korea Buy Now Pay Later Retail Shopping - Toys, Kids, and Babies - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 38: South Korea Buy Now Pay Later Retail Shopping - Jewellery- Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 39: South Korea Buy Now Pay Later Retail Shopping - Sporting Goods - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 40: South Korea Buy Now Pay Later Retail Shopping - Entertainment & Gaming - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 41: South Korea Buy Now Pay Later Retail Shopping - Others - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 42: South Korea Buy Now Pay Later Home Improvement - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 43: South Korea Buy Now Pay Later Home Improvement - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 44: South Korea Buy Now Pay Later Home Improvement - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 45: South Korea Buy Now Pay Later Travel - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 46: South Korea Buy Now Pay Later Travel - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 47: South Korea Buy Now Pay Later Travel - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 48: South Korea Buy Now Pay Later Media and Entertainment - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 49: South Korea Buy Now Pay Later Media and Entertainment - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 50: South Korea Buy Now Pay Later Media and Entertainment - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 51: South Korea Buy Now Pay Later Service - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 52: South Korea Buy Now Pay Later Service - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 53: South Korea Buy Now Pay Later Service - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 54: South Korea Buy Now Pay Later Automotive - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 55: South Korea Buy Now Pay Later Automotive - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 56: South Korea Buy Now Pay Later Automotive - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 57: South Korea Buy Now Pay Later Healthcare and Wellness - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 58: South Korea Buy Now Pay Later Healthcare and Wellness - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 59: South Korea Buy Now Pay Later Healthcare and Wellness - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 60: South Korea Buy Now Pay Later Others - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 61: South Korea Buy Now Pay Later Others - Average Value Per Transaction Trend Analysis (US$), 2021-2030
Figure 62: South Korea Buy Now Pay Later Others - Transaction Volume Trend Analysis (Thousand), 2021-2030
Figure 63: South Korea Buy Now Pay Later - Share by Age Group in Value Terms (%), 2024
Figure 64: South Korea Buy Now Pay Later by Age Group - Gen Z (15-27) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 65: South Korea Buy Now Pay Later by Age Group - Millennials (28-44) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 66: South Korea Buy Now Pay Later by Age Group - Gen X (45 - 60) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 67: South Korea Buy Now Pay Later by Age Group - Baby Boomers (60+) - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 68: South Korea Buy Now Pay Later - Share by Default Rate by Age Group in Value Terms (%), 2024
Figure 69: South Korea Buy Now Pay Later - Share by Income Group in Value Terms (%), 2024
Figure 70: South Korea Buy Now Pay Later by Income Level - Tier 1 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 71: South Korea Buy Now Pay Later by Income Level - Tier 2 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 72: South Korea Buy Now Pay Later by Income Level - Tier 3 - Gross Merchandise Value Trend Analysis (US$ Million), 2021-2030
Figure 73: South Korea Buy Now Pay Later - Share by Gender in Value Terms (%), 2024
Figure 74: Buy Now Pay Later - Adoption Rationale by Value, 2024
Figure 75: South Korea Buy Now Pay Later - Monthly Expense Segments, 2024
- Not Sure / Need Reassuring
- Confirm Content
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Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
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- Sample Pages
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With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Check for Alternatives
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Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
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- Confirm Content
- Prices / Formats / Delivery
- Prices
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All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Discounts
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As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
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- Available Currencies
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Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
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- Licenses
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License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Global Site License
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The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
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- Formats
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The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
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- Delivery
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Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
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- Shipping Charges
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As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
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- Prices
- Ordering
- By Credit Card
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We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
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- By Money Transfer
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If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
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- By Credit Card
- Security
- Website security
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We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
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- Credit Card Security
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We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
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- Website security