The Cards and Payments Industry in Thailand: Emerging Trends and Opportunities to 2021

2017-02-23
Price :
Published : Feb-2017
No. of Pages : 58

GlobalData’s “The Cards and Payments Industry in Thailand: Emerging Trends and Opportunities to 2021” report provides detailed analysis of market trends in the Thai cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, check payments, payment cards and cash transactions during the review period (2012-2016).

The 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 (2017-2021). It also offers information on the country’s competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

The report provides top-level market analysis, information and insights into the Thai cards and payments industry, including –

  • Current and forecast values for each market in the Thai cards and payments industry, including debit, credit and charge cards.
  • Detailed insights into payment instruments including credit transfers, direct debits, cash transactions, checks and payment cards. It also, includes an overview of the country’s key alternative payment instruments.
  • E-commerce market analysis and payment methods.
  • Analysis of various market drivers and regulations governing the Thai cards and payments industry.
  • Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
  • Comprehensive analysis of consumer attitudes and buying preferences for cards.
  • The competitive landscape in the Thai cards and payments industry.

Scope

  • As part of the government’s Payment Systems Roadmap 2012-2016, the Bank of Thailand and Thai Bankers’ Association developed a national e-payment system, Prompt Pay, in 2016. This system was launched in January 2017, and is to be deployed in two phases. In the first phase, users are required to link their bank accounts with a mobile number or national ID number – thereby transferring money to recipients or making payments at merchants without the need to divulge bank account details – while phase two allows users to conduct other transactions such as bill payment and request-to-pay services.
  • In order to develop the country’s financial sector and promote electronic payments, the Thai government launched the Financial Sector Master Plan (FSMP III) in March 2016; this was an extension to the previously launched FSMP I and II. The plan fosters the government, business and retail sectors to create an environment and infrastructure conducive to the adoption of electronic and financial payments. Some of the initiatives in this regard include the development of robust payment infrastructure, financial literacy among consumers, efficient pricing mechanisms, the establishment of an integrated IT system and industry-wide shared infrastructure and fraud monetary systems. Initiatives like these are expected to further boost electronic payments in the country.
  • Mobile network operators (MNOs) are also contributing to the promotion of electronic payments. Leading MNOs, including Advanced Info Services (AIS), Total Access Communication Company (DTAC) and True Move H, are now all offering their own digital wallets. To further increase the use of wallets among their subscribers, in 2015 the three MNOs collaborated to integrate their respective wallets – mPAY, Jaew Wallet and True Money – allowing subscribers to make person-to-person (P2P) payments across the three mobile networks using recipients’ mobile numbers.

Reasons to buy

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

Companies Mentioned

  • Bangkok Bank
  • Kasikorn Bank
  • Krungthai Bank
  • Siam Commercial Bank
  • TMB Bank
  • Krungsri Bank
  • Aeon Credit Service
  • Visa
  • Mastercard
  • American Express
  • Diners Club
Filed in: Uncategorized
Publisher : GlobalData
More Reports
Title Price Buy Now

Smart Robots Market with COVID-19 Impact Analysis by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region – Global Forecast to 2025

“Smart robots market is projected to grow at CAGR of 30.5% during 2020–2025.” The global smart robots market is expected to grow from USD 6.1 billion in 2020 to USD 23.0 billion by 2025; it is expected to grow at a CAGR of 30.5% during the forecast period. Rising integration of IoT in robots for cost-efficient predictive maintenance. Predictive maintenance is forecasting potential issues before they happen. An IoT-based solution allows storing terabytes of data and running machine learning algorithms on several computers parallel to forecast potential hazards and pinpoint when industrial equipment are likely to fail, thereby assisting in predictive maintenance. Robots are increasingly being adopted for new applications due to various advantages such as increased productivity, s......
$4950

Cloud-based Contact Center Market by Component (Solutions and Services), Deployment Model (Public Cloud and Private Cloud), Organization Size, Industry (BFSI, Telecommunications, and Retail and Consumer Goods), and Region – Global Forecast to 2025

The growing need for improving consumer experience has fueled the adoption of cloud-based contact center solutions across the globe The global cloud-based contact center market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 25.8% during the forecast period, to reach USD 36.1 billion by 2025 from USD 11.5 billion in 2020. Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants provide customers with cost-effective and productive digital solutions as every industry is economically hard-hit by the pandemic. The sudden shutdowns of organizations and institutions increased the demand for cloud solutions and other online services. The cloud-based contact center market in industries such as IT and ......
$7150

Hydraulic Workover Unit Market by Service (Workover & Snubbing), Installation (Skid Mounted & Trailer Mounted), Capacity (0–50 Tonnes, 51–150 Tonnes, and Above 150 Tonnes), Application (Onshore, Offshore), and Region – Global Forecast to 2025

“The hydraulic workover unit market is projected to grow at a CAGR of 6.3% from 2020 to 2025.” The hydraulic workover unit market is projected to reach USD 11.0 billion by 2025 from an estimated USD 8.1 billion in 2020, at a post-COVID-19 CAGR of 6.3% during the forecast period. Rising production from the existing oil & gas reserves has driven the hydraulic workover unit market growth. Furthermore, shale developments and rising drilling activities are driving the market. However, declining oil demand due to the transition towards renewables is likely to hamper the growth of hydraulic workover unit market. “The workover segment, by service, is expected to be the largest and the fastest-growing market from 2020 to 2025” The workover segment accounted for a share of 76.1%......
$4950

Flexible Plastic Packaging Market by Type (Pouches, Rollstocks, Bags, Wraps), Material (Plastic & Aluminum Foil), Application (Food, Beverage, Pharma & Healthcare, Personal care & Cosmetics), Technology, and Region – Global Forecast to 2025

 “Increase in the demand for processed food and usage of flexible plastic in cosmetics globally is projected to drive the overall growth of the flexible plastic packaging market across the globe from 2020 to 2025.” The global flexible plastic packaging market size is projected to grow from USD 160.8 billion in 2020 to USD 200.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.5%. The global flexible plastic packaging industry has witnessed high growth primarily because of the increasing demand for food, beverage, and pharmaceutical products worldwide, especially during the COVID-19 pandemic. Demand for sustainable, and durable protective packaging for pharmaceutical industry is another key factor contributing towards the increasing growth of the flexible plastic packag......
$9000

Photoresist & Photoresist Ancillaries Market by Application (Semiconductor & IC,LCD, PCB), Photoresist Type (ArF Immersion, ArF Dry Film, KrF, G-line & I-line), Ancillary Type (Anti-reflective Coating, Remover, Developer), Region – Global Forecast to 2025

“The photoresist and photoresist ancillaries market is projected to witness a CAGR of 4.8%, in terms of value, during the forecast period.” The global photoresist and photoresist ancillaries market size was estimated at USD 3.3 billion in 2020 and is projected to reach USD 4.2 billion by 2025, at a CAGR of 4.8%. The growing demand for miniaturized semiconductor devices, memory chips, printed circuit boards, LCDs, high-performance compact consumer electronic products such as smartphones & tablets, game devices, and high-speed servers are expected to drive the market for photoresist and photoresist ancillaries in the coming years. The major restraining factor in the photoresist market is that it is an expensive and time-consuming process. The process requires special equipment, wh......
$4950

Data Center Infrastructure Management Market by Component, Application (Asset Management, Power Monitoring, Capacity Management, and Environmental Monitoring), Deployment Model, Organization Size, Vertical, and Region – Global Forecast to 2025

Increasing number of cloud and edge data centers to drive the growth of DCIM market The global Data Center Infrastructure Management (DCIM) market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period, to reach USD 2.9 billion by 2025 from USD 1.5 billion in 2020. Digital business transformation has entered a more challenging and urgency-driven phase due to the COVID-19 pandemic. Global giants are providing customers with cost-effective and productive digital solutions as every industry is economically hard-hit from the pandemic. The sudden shutdowns of organizations and institutions increased the demand for cloud solutions and other online services. The DCIM market in verticals such as IT, telecom, BFSI, and media and entertainment, has im......
$4950

Cold Chain Market by Application (Fruits & Vegetables, Dairy & Frozen Desserts, Fish, Meat & Seafood, Bakery & Confectionery), Temperature Type (Frozen, Chilled), Type (Refrigerated Transport, Refrigerated Warehousing), Region – Global Forecast to 2025

“The cold chain market is projected to grow at a CAGR of 7.8% during the forecast period.” According to MarketsandMarkets, the global cold chain market size is estimated to be valued at USD 233.8 billion in 2020 and is projected to reach USD 340.3 billion by 2025, recording a CAGR of 7.8%. Factors such as the consumer inclination toward food & beverages with higher shelf-life, due to the rising awareness to mitigate the food wastage have been fueling the use of cold chains in the food & beverage industry.International trade liberalization has also boosted the use of cold chain, globally. However, the growth of the cold chain market is inhibited by factors such as high infrastructure costs involved during the initial investments. In addition, the lack of required skilled reso......
$4950

Military Robots Market by Type (Land, Marine, Airborne), Application, System, Deployment Method, Range, End User (Defense, Homeland Security), Mode of Operation, Propulsion and region – Global Forecast to 2025

“Increased adoption of UAVs in life-threatening missions, rising adoption of UGVs for counter-insurgency operations are key factors fueling the growth of the military robots market across the globe.” The military robots market size is projected to grow from USD 14.5 billion in 2020 to USD 24.2 billion by 2025, at a CAGR of 10.7% from 2020 to 2025.Drivers for this market include increasing use of robots in areas affected by chemical, biological, radiological and nuclear (CBRN) attacks, the increased use of robots for mine countermeasures and the increasing use of UAVs in life-threatening missions. “Based on type, the airborne segment is projected to lead the military robots market from 2020 to 2025.” Based on type, the airborne segment estimated to lead the military robots ......
$4950

Antimicrobial Susceptibility Testing Market by Product (Manual, Automated Susceptibility Testing System), Type (Antibacterial, Antifungal), Application (Clinical Diagnostics), Method (ETEST, Disk Diffusion), End-User – Global Forecasts to 2025

“Technological advancements and new product launch to drive the growth of the global antimicrobial susceptibility testing market.” The antimicrobial susceptibility testing market is projected to reach USD 4.2 billion by 2025 from USD 3.2 billion in 2020, at a CAGR of 5.5% during the forecast period. Growth of the market is mainly attributed to the technological advancements; increasing incidences of infectious diseases, and growing public and private investments, funding, and grants are driving the global antimicrobial susceptibility testing market. However, complex regulatory frameworks that delay the approval of new microbial susceptibility tests is expected to challenge market growth to a certain extent. “In terms of products, automated laboratory instruments segment to regi......
$4950

Carbon Capture, Utilization, and Storage Market by Service (Capture, Transportation, Utilization, Storage), End-Use Industry (Oil & Gas, Iron & Steel, Cement, Chemical & Petrochemical, Power Generation), and Region – Global Forecast to 2025

“The carbon capture, utilization, and sequestration market is projected to register a CAGR of 17.0% during the forecast period.” The global carbon capture, utilization, and storage market size is expected to grow from USD 1.6 billion in 2020 to USD 3.5 billion by 2025, at a CAGR of 17.0% during the forecast period. Carbon capture, utilization, and sequestration is extensively used in oil & gas, power generation, fertilizer, and various other sectors. Increasing usage of captured carbon for enhanced oil recovery operations in the oil & gas industry is laying a key role behind the growth of CCUS market. “Capture segment to dominate the market in terms of value.” The Capture segment holds the majority of the share in the CCUS market. Carbon capture is the first stage ......
$5650
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy