Noida, India (PressExposure) January 15, 2010 -- According to our latest research report, âGlobal Credit Card Industry - Emerging Marketsâ, credit card industry across the world is estimated to witness double digit growth rates in the coming years, owing to improvement in tax benefits and perks such as reward points and discounts on purchases that have fostered the usage of credit cards among the South Korean population. There will be unprecedented growth in the credit card spending, estimated to rise at a CAGR of around 10% during 2010-2013.
We have done extensive research and analysis on the South Korean credit card market in order to understand the factors that will continue to serve as growth saviors for the market over the forecast period (2010-2013). We have keyed out that various factors such as growing consumer sentiment and changing lifestyle have been resulting into the increasing usage of credit card in the country. The report also gives insight into the role of banks for increasing credit card penetration in South Korea by drawing every self-owned business to accept cards in the coming years. Besides this, various other factors propelling the growth of credit card spending in the country have been thoroughly evaluated in the report.
Our research indicates that credit card spending in South Korea will become an important driver for retail banking in near future. With an improvement in the debt-repayment ability of the population owing to the economic growth, the credit card spending has an optimistic future outlook. Our report also gives an overview of the factors that may hinder the growth of credit card market in South Korea.
Besides this, âGlobal Credit Card Industry - Emerging Marketsâ provides thorough analysis of the credit card industry in emerging markets like India, Mexico, China, Russia, Poland and Brazil. It gives deep insight into each of the industry parameters like market attractions, market performance and roadblocks in these emerging markets. Most importantly, the report gives future outlook for all the important aspects of the industry considering the effects of global economic crisis on base drivers, opportunities and challenges faced by the credit card industry in the country.
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