South Korea Fintech Digital Remittances Market Size | 2019-2032

South Korea Fintech Digital Remittances Market Size and Forecast by Transfer Channel, End Users, Industry, Remittance Type, and Transaction Purpose: 2019-2032

Report Format:     | Pages: 110+
Type: Niche Industry Monitor | ID: FIN4479  | Publication: August 2024  |  US$925  |  

South Korea Fintech Digital Remittances Market Growth and Performance


  • It's evident that the South Korea fintech digital remittances market is on track to reach an impressive US$ 10.36 Billion in revenue by 2032.
  • This growth trajectory is underpinned by an expected Compound Annual Growth Rate (CAGR) of 12.9% from 2024 to 2032, as forecasted by DataCube Research.
  • When analysing the dynamics within South Korean fintech digital remittances market landscape, it becomes apparent that the bank transfer segment carries significant potential. Projections suggest that by 2032, this segment will assert its dominance, boasting a market value of US$ 5.93 Billion.
  • Looking ahead, industry experts are optimistic about the future of the healthcare sector. Throughout the forecast period, this sector is anticipated to undergo the most rapid expansion in terms of revenue generation, with a 15.8% CAGR.

South Korea Fintech Digital Remittances Market Outlook

Analysis Period

2019-2032

Actual Data

2019-2023

Base Year

2023

Estimated Year

2024

CAGR Period

2024-2032

 

Research Scope

Transfer Channel

Bank Transfer

Mobile and Online Transfer

Agent-Based Transfer

Cryptocurrency Transfer

End Users

Individual Consumers

SMEs

Medium-sized Enterprises

Large Enterprises

Industry

IT and Telecom

Media and Entertainment

Energy and Power

Transportation and Logistics

Healthcare

BFSI

Retail

Manufacturing

Public Sector

Other

Remittance Type

Domestic Remittances

International Remittances

Transaction Purpose

Personal Transfers

Business Transactions

 

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