credit card

  • Thailand NewsThailand cash splash: Foreign tourists send Visa spending soaring
    Bob ScottPublished: 16:54, 30 October 2024
    1,923

    Thailand cash splash: Foreign tourists send Visa spending soaring

    Thailand is basking in a financial boom, with foreign tourists spending a staggering 90% more on Visa credit cards this year compared to the pre-pandemic high of 2019. While Thai travellers are tightening their purse strings amid a sluggish economy, foreigners can’t seem to get enough of the Land of Smiles. Visa Thailand’s country manager, Punnamas Vichitkulwongsa, revealed that Thailand…

  • Business NewsThailand’s card payments to hit 3.3 trillion baht by 2028
    Bright ChoomaneePublished: 15:28, 25 October 2024
    950

    Thailand’s card payments to hit 3.3 trillion baht by 2028

    Thailand’s card payments market is projected to achieve a compound annual growth rate (CAGR) of 9.2% from 2024 to 2028, reaching 3.3 trillion baht (US$94.5 billion) by 2028. This growth is driven by a consistent consumer shift towards electronic payments, according to data and analytics firm GlobalData. Data from GlobalData’s Payment Cards Analytics indicates that card payment value in Thailand…

  • TravelLost your credit or debit card in Thailand? Here’s what to do
    Phuwadech SombatdeePublished: 10:20, 24 September 2024
    1,777

    Lost your credit or debit card in Thailand? Here’s what to do

    Losing your credit or debit card while travelling can be stressful, but don’t worry! The first thing you should do is reach out to your bank and let them know. They’ll be happy to freeze your account so no one can use your card. Here’s a quick guide to help you out if you ever find yourself in this situation…

  • Business NewsThailand’s central bank halts proposed 1% fee on credit cardholders
    Alex MorganPublished: 10:01, 04 May 2024
    243

    Thailand’s central bank halts proposed 1% fee on credit cardholders

    The Bank of Thailand has stalled the proposed introduction of an additional 1% fee on local credit cardholders, necessitating card issuers to consider other alternatives. This decision was taken after several credit card issuers declared that they would be waiving the 1% fee for payments made in baht to overseas registered merchants and online shopping platforms. Earlier in March, these…

  • Thailand NewsThai credit card holders hit with new 1% fee
    Alex MorganPublished: 15:04, 07 March 2024
    482

    Thai credit card holders hit with new 1% fee

    In a recent development, holders of credit cards issued in Thailand are set to face a 1% fee for foreign currency conversion starting May 1, as revealed in a notice on the Bangkok Bank website. Local credit card issuers, including Visa and Mastercard, will enforce this fee, also known as dynamic currency conversion (DCC), for transactions made in baht with…

  • Thailand NewsKTC reports robust growth, launches Thailand’s first digital credit card
    Nattapong WestwoodPublished: 17:21, 04 January 2024
    342

    KTC reports robust growth, launches Thailand’s first digital credit card

    KTC, the leading credit card service provider in Thailand, reported a robust growth in its operations for the year 2023. The company revealed a surge in card spending exceeding its initial target by over 10%. Continuing its growth trajectory into 2024, KTC maintains its previous growth target of 15%. Currently, KTC holds a 12% market share in the total card…

  • GuidesExploring different types of loans available for foreigners in Thailand
    ThaigerPublished: 18:25, 22 September 2023
    1,552

    Exploring different types of loans available for foreigners in Thailand

    In need of a loan? As an expat living in Thailand, you’re probably wondering what your options are. Getting a loan in the country as a foreigner is not easy, but it’s not impossible. Guided by an interest in propelling economic development and promoting tourism, the local government has taken significant strides in making access to financial support much easier…