Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "South Korea Prepaid Card and Digital Wallet Market Intelligence and Future Growth Dynamics Databook - Q2 2025 Update" report has been added to offering.

The prepaid card and digital wallet market in South Korea is poised for a significant upswing, with an anticipated annual growth rate of 7.5%, reaching USD 31.09 billion by 2025. From 2020 to 2024, this market has witnessed a robust expansion with a CAGR of 11.5%. Continuing on this trajectory, it is forecasted to grow at a CAGR of 6.3% from 2025 to 2029, potentially hitting USD 39.66 billion by the decade's end.

South Korea's prepaid card market is transforming significantly, fueled by digital payment growth, fintech innovation, and expanding corporate adoption. These trends will continue shaping the financial landscape over the next few years.

As traditional banks and fintech companies introduce enhanced prepaid solutions, competition will increase, leading to greater accessibility, improved functionality, and broader adoption across consumer and business segments.

South Korea's prepaid card market is evolving rapidly, with growing competition among financial institutions and fintech firms. Regulatory shifts, strategic partnerships, and advancements in digital payment infrastructure are driving the sector's expansion.

Over the next few years, innovation in mobile payments and corporate prepaid solutions will shape the competitive landscape, providing consumers and businesses with more flexible and efficient payment options. As companies leverage emerging financial technologies, South Korea's prepaid card ecosystem is set to become more dynamic and integrated within the country's broader digital economy.

This report offers an in-depth, data-driven examination of prepaid payment instruments, focusing on expenditures via prepaid cards and digital wallets within both retail and corporate consumer sectors. It also presents an overview of consumer behavior and retail spending patterns in South Korea.