1、 2566CoverTHAILAND INDUSTRY OUTLOOK 2024-26Credit CardKrungsri ResearchAugust 2024Subscribe UsAll material presented in this report,unless specifically indicated otherwise,is under copyright to Krungsri Research.None of the material,nor its content,nor any copy of it,may be altered in anyway,or copi

2、ed to any other party,without the prior express written permission of Krungsri Research.This document is based on public information believed to be reliable.Nevertheless,Krungsri Research would not affirm the accuracy and completeness of this information.We accept no liability whatsoever for any dir

3、ect or consequential loss arising from any use of this document or its content.Information,opinions and estimates contained in this report are our own,which are not necessarily the opinions of Bank of Ayudhya Public Company Limited and its affiliates.It reflects a judgment at its original date of pu

4、blication by Krungsri Research and are subject to change without notice.DisclaimerFor research subscription,Narichaya SatafangAnalystN+662 296 2994AuthorEXECUTIVE SUMMARYPlayers can expect to see average annual growth in spending on credit cards that will run to 8.0-9.0%per year over 2024-2026.The m

5、arket will be boosted by greater spending on domestic and international tourism,continuing growth in e-commerce sales and consumers increasing familiarity with the process of making online payments.Nevertheless,the market will also come under pressure from only slow growth in domestic consumer spend

6、ing power and the declining ability of borrowers to make their debt repayments on schedule,especially for those with monthly incomes of less than THB 30,000.The outlook will be further undermined by stricter regulation of the industry,including increases to minimum monthly payments and changes to de