Table 4

Card transaction volume and price structure of two-sided markets

Panel A (Unit: KRW trillion, %, multiple)
20112012201320142015201620172018
Card transaction volume509560581613666746788833
Relative price ratio (multiple)16.41613.14612.06312.39311.73811.20110.72510.120
Total price1.9681.8391.8811.8751.7961.6351.6651.668
Merchant discount rate1.8551.7091.7371.7351.6551.5011.5231.518
Cardholder annual membership fee rate0.1130.1300.1440.1400.1410.1340.1420.150
Panel B (Unit: Multiple, %)
Panel BNMeanSTDMin.Max.
Relative price ratio (multiple)19013.54065.81616.307544.9426
Total price1901.79020.26231.21083.4058
Merchant discount rate1901.64920.22851.12703.1219
Cardholder annual membership fee rate1900.1410.05830.03190.2838

Note(s): This table shows the annual card transaction volume, relative price ratio, total price, merchant discount rate and cardholder annual membership fee rate data since 2011. The relative price ratio is calculated by dividing the merchant discount rate by the cardholder annual membership fee rate. Total price refers to the sum of the merchant discount rate and the cardholder annual membership fee rate. The merchant discount rate is calculated by dividing the merchant discount revenue by card transaction volume (sum of credit card, debit card and prepaid card usage), and the cardholder annual membership fee rate is calculated by dividing the cardholder annual membership fee revenue by card transaction volume. Data regarding the merchant discount rate and cardholder annual membership fee rate are available up to the end of September, 2018. Panel A presents the annual data and Panel B presents the descriptive statistics during the sample periods

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