가맹점수수료 인하와 간편결제 확대가 신용카드사에 미치는 영향 분석

Abstract

This paper explores the trend of credit card transaction fee and examines the effect of increasing number of easy payment systems on credit card industry. In 2012 new credit card fee system has been constructed, and the discussion on credit card transaction fee has started. Since then the government reduced the credit card fee arbitrarily and frequently not complying the initial plan in the name of supporting small businesses. Then, profitability in the credit card industry has been expected to fall and it became true afterwards. Easy payment system driven by the government like Zero-pay is low-performing since the social benefits fall short of the operation cost and it potentially crowds out the private sector. On the other hand in the private sector, easy payment system has been creating a win-win environment between credit card industry and easy payment industry in current state. However, the credit card industry is changing almost not different to easy payment system, thus the increase in competition level is inevitable. The credit card industry is facing a harsh business environment. It is facing frequent card fee reducing government policy and increase in cost to survive in competition. Credit card companies are not only under pressure to find alternative profit sources but also facing decrease in stability coming from bad debt increase occurred by economic slowdown. To deal with this situation credit card companies need to reinforce capability in risk management in the short run. In the long run, a breakthrough to customized lending and borrowing by utilizing the big-data is needed to prepare for the environment changes such as non-surface channel preference or growth in realtime transaction. Meanwhile for sustainable growth of the credit card industry, deregulation provided by supervisory institution is needed similar to fintech industry or easy payment industry. Considering the efficiency, it is suggested for the government to downsize the public easy payment system like Zero-pay or support Zero-pay to be incorporated to the private sector creating synergy between public and private sector.