Credit and Charge Card Payments Market in Thailand: Growth Driven by Consumer Preference and Infrastructure Development

Thailand`s credit and charge card payment market is expanding, projected to reach $62.1 billion in 2024. This growth is attributed to consumer preference for electronic payments, a strong payment infrastructure, and a rise in e-commerce. While economic factors slowed growth in 2023, credit and charge cards remain dominant, comprising 92.8% of total card payment value due to attractive benefits like rewards programs and installment options. High usage frequency, extensive POS terminal infrastructure, and government initiatives to manage debt further support this growth.