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Learn moreNov 2020
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Over the course of 2020, credit card transactions is expected to have recorded strong declines in both volume and value terms. The main reason for this is that many Thai consumers have sought to reduce their spending considerably in an effort to save money during the pandemic.
With the financial situations of many Thai consumers less than ideal in 2020 due to the economic uncertainty that has emerged from the COVID-19 pandemic, the Bank of Thailand issued a new set of regulations for credit card companies that are intended to ease the debt burden on hard-pressed credit card borrowers. The most important of these regulations is that the minimum repayment of the total outstanding balance that credit card borrowers are required to pay per month is now set at 5% of the total, down from the previous 10%.
One interesting trend in credit cards during 2020 was the increase seen in the number of such cards in circulation. Driving this growth in credit card uptake was personal credit cards.
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Discover the latest market trends and uncover sources of future market growth for the Credit Card Transactions industry in Thailand with research from Euromonitor's team of in-country analysts.
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If you're in the Credit Card Transactions industry in Thailand, our research will save you time and money while empowering you to make informed, profitable decisions.
The Credit Card Transactions in Thailand market research report includes:
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Euromonitor’s industry reports, including Credit Card Transactions in Thailand, originate from our database within our Consumer Finance market share and market size database
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.