Thailand Cards and Payments Market Report-Size Set for Rapid Growth and Trends | Thai Payment Network

The research study contains an in detail descriptive overview and analysis of the Thailand Cards and Payments Market, a summary of the market shares constituted by each component, the annual growth of each sector, and the revenue potential of the section. In addition, Thailand Cards and Payments Market production and consumption data are used to determine the geographical features.

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Top Company Profile Analysis in this Report
Bangkok Bank
Kasikornbank
Krungsri Bank
Krungthai Bank
Thai Payment Network
Mastercard
SCB
TMB Bank
Visa
Samsung Pay
and more..

Thailand Cards and Payments Market Report provides detailed analysis of market trends in Thailand’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, cards, direct debits, and cheques during the review-period (2016-20e).

Thailand Cards and Payments Market Report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2020e-24f). It also offers information on the country’s competitive landscape, including market shares of issuers and schemes.

Thailand Cards and Payments Market Report brings together research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers detailed regulatory policies and recent changes in regulatory structure.

Thailand Cards and Payments Market report provides top-level market analysis, information and insights into Thailand’s cards and payments industry, including –
– Current and forecast values for each market in Thailand’s cards and payments industry, including debit, credit, and charge cards.
– Detailed insights into payment instruments including cash, credit transfers, cards, direct debits, and cheques. It also, includes an overview of the country’s key alternative payment instruments.
– E-commerce market analysis.
– Analysis of various market drivers and regulations governing Thailand’s cards and payments industry.
– Detailed analysis of strategies adopted by banks and other institutions to market debit, credit, and charge cards.

Scope of this Report-
– The central bank is taking steps to promote digital payments in the country. It launched Payment Systems Roadmap No.4 (2019-2021), which is a continuation to the previously introduced Payment Systems Roadmap and National E-Payment Master Plan. The new plan aims to further develop digital payments between 2019 and 2021. Key areas emphasized by the roadmap include creating an interoperable payment infrastructure, developing a biometric standard for authentication of identities, developing a cross-border payment and fund transfer service, and promoting widespread usage of digital payments.
– The lack of payment acceptance infrastructure has made the adoption of alternative payment methods compelling. QR code payments have thus gained prominence in Thailand, and are driving electronic payments. In May 2017, Mastercard, UnionPay, and Visa introduced the Thai QR Code payment system. The feature was also integrated into the PromptPay service in the last quarter of 2017. This system enables merchants to receive payments more easily in a cost-effective manner. As of August 2019 over 5 million merchants had accepted payments via QR codes in Thailand, up from 3 million in December 2018. To further promote this option, in February 2020 the central bank announced plans to introduce QR code payments for cross-border transactions to Singapore, Myanmar, and Cambodia. The service is expected to launch in Q3 2020.
– COVID-19 has created stress across financial markets worldwide. In response, central banks are accelerating efforts to support the economy by slashing interest rates and boosting liquidity. In April 2020 the central bank introduced a new guideline called Credit Assistance Measures for credit card loans. As per the guidelines, the minimum payment rate on credit card loans was reduced from 10% to 5% to December 2021.


Reasons to Buy this Report-
– Make strategic business decisions, using top-level historic and forecast market data, related to Thailand’s cards and payments industry and each market within it.
– Understand the key market trends and growth opportunities in Thailand’s cards and payments industry.
– Assess the competitive dynamics in Thailand’s cards and payments industry.
– Gain insights into marketing strategies used for various card types in Thailand.
– Gain insights into key regulations governing Thailand’s cards and payments industry.

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Table of Contents
Payment Instruments
Card-based Payments
E-commerce Payments
Alternative Payments
Payment Innovations
Payments Infrastructure &
Regulation
Appendix

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