South Korea Mobile Payment Trends

 

South Korea’s payments market faced a turning point in 2015 with the emergence of smart pay, a simplified form of mobile payments made using smartphones. Celent reviews the status of the South Korean smart pay market and forecasts future trends. At the moment, smart pay providers have their sights on specific demographics. However, each smart pay firm is also looking to expand its customer base. If smart pay providers have not clearly articulated their purpose and carved out a market space, then they risk being swept away in the maelstrom.

KyongSun Kong

Join KyongSun as she elaborates on the South Korea market’s mobile payment trends and forecasts:

  • Mobile payment market in South Korea
  • Current status of South Korea’s mobile payment market
  • Smart pay providers in South Korea
  • Case study (Kakao Pay which has a strong position in online payment area and Samsung Pay which has a strong position in offline payment/ contactless payment area)
  • Future trends of South Korea’s smart pay market.

KyongSun is an analyst with Celent’s Asian Financial Services group and is based in the firm’s Seoul office. Her areas of expertise include mobile payments and other innovative financial services and delivery channels, retail brokerage, and the Korean financial services industry. Previously, KyongSun worked as a translator, interpreter, and editor focused on financial services, including the banking, capital markets, and insurance industries. KyongSun received a Bachelor of Arts degree in British and American studies and intercultural studies from the Kyoto University of Foreign Studies. She is fluent in Japanese, English, and Korean.
  

  

  • GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @WomeninPayments: #WomeninPayments CEO @duncankristy is speaking tomorrow at the #Asia @GlobalPaySummit in Bali on how Digital Financial… 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @HPS_worldwide: Our first day at Asia Global Payment Summit 🇮🇩was a real success with a lot of interactions! Didn't have time to meet o… 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Congrats to the winners of our mobile app game challenge during The Africa Global Payment Summit! @nataliemat7 and… https://t.co/215Zaz23OM 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @PPRO_Payments: #meetppro @GlobalPaySummit Asia in Bali next week at the Sofitel Bali Nusa Dua Beach Resort! Visit the panel about Alter… 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit At Asia GPS, this session will explore the use of #alternativepayments with a particular focus on #eCommerce market… https://t.co/7l1AdfiA4K 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @MastercardAP: Watch this space next week for more on these #payments solutions! https://t.co/1sWizNQl4b 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit @ThePaypers Always a pleasure working with you! 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @ThePaypers: The Paypers would like to extend a heartfelt word of appreciation to all our collaborators, from thought leaders to media p… 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Next week in Bali: Sandeep Malhotra @MastercardAP will share insights from the world’s only live network-level… https://t.co/bgKf8HHfir 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @FintechINA: With 2 weeks left, Asia @GlobalPaySummit outlined the main reasons why you should join in Bali on 10-11 October. Register n… 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @PPRO_Payments: #meetppro @GlobalPaySummit Asia in Bali from October 10th - 11th at the Sofitel Bali Nusa Dua Beach Resort! Send us a DM… 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Congrats to @AsiaPay @iPayLinks @KYC_Ltd #BCI(Thailand) @HydroBlockchain and @OneIdentity for the nomination and fi… https://t.co/8BhQAJEi3m 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @iPayLinks: iPayLinks was just nominated in Florin Asia Innovation Awards 2019 and will be showcasing on October 11th. Come and meet us… 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @smart_insights: We're proudly partnering with @CurrencyResearc as a Media Partner for the 7th edition of Asia Global Payment Summit, @g 5 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit When ‘hearts and minds’ meet the ‘wallet of the future’ at #asiapaysummit in Bali! Paul Schulte, Schulte-Research w… https://t.co/O4gnSwnXdc 5 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @HollandFinTech: We're proudly partnering with @CurrencyResearch for the 7th edition of Asia Global Payment Summit, to be held in Bali i… 6 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit #Fintechs are working alongside #banks to put an end to high fees and lack of transparency in cross-border payments… https://t.co/6Lball9KmU 6 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @SEACENCentre: The Centre is pleased to announce a collaboration with the organisers of the Asia Global Payments Summit 2019 Asia-GPS. P… 6 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit We`re looking forward to hosting the 7th edition of Asia Global Payment Summit on 10-11 October 2019 in Bali, Indon… https://t.co/G4hmLpGaSt 6 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @ecom_asia: Know How E-Commerce Ecosystem Market Is Thriving Continuously By Top Key Players Alibaba, Amazon, https://t.co/cszaBCKQ2z, e… 6 weeks ago
  • Also interesting
    Alternative Payments in eCommerce Markets
    Written on 3 October '19 by
    READ MORE
    War of the Wallets
    Written on 3 October '19 by
    READ MORE
    The Paypers Releases the Open Banking Report 2019
    Written on 2 October '19 by
    READ MORE
  • Speakers 2019