PROSPECTS AND OPPORTUNITIES
Ministry of Transport plans significant transportation investments under 'Quick Win' policy for 2024-2025
The Ministry of Transport is preparing to implement its ‘Quick Win’ policy for 2024 and 2025, focusing on launching key transportation investment projects over the next five to six years. This initiative includes significant investments in rail expansion, which, coupled with an anticipated rise in passenger numbers, is expected to drive increased usage of pre-paid transportation cards.
Starbucks to expand presence in Thailand, with plans to double its branch network by 2030
Starbucks, under the management of the ThaiBev empire, has unveiled plans to expand its footprint in Thailand, targeting 800 branches by 2030 - nearly doubling the current number of locations. The will involve opening approximately 30 new branches each year, with 30 to 40 new outlets already in progress for 2024.
Travel cards poised for significant growth as consumers shift from traditional currency exchange
Travel cards are expected to see substantial growth in the coming years, offering greater convenience for consumers compared to traditional currency exchange methods. Traditionally, individuals have had to contact money changers to enquire about exchange rates, book the amount, and then visit a physical location to complete the transaction.
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Overview:
Understand the latest market trends and future growth opportunities for the Pre-Paid Card Transactions industry in Thailand with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Pre-Paid Card Transactions industry in Thailand, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Pre-Paid Card Transactions in Thailand report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Pre-Paid Card Transactions in Thailand?
- What are the major trends key to understanding Pre-Paid Card Transactions in Thailand?
- How has COVID-19, recession and macroeconomic volatility impacted the market?
- How long will the market take to recover? What are the opportunities now?
- How will political context and shifting cultural values shape future growth?
- Where is future growth expected to be most dynamic?
Charge Cards in Thailand - Category analysis
Charge Cards in Thailand - Company Profile
KEY DATA FINDINGS
American Express targets affluent Thais with premium charge cards
AMEX leverages post-pandemic travel surge with tailored premium rewards
AMEX expands consumer base to include younger card holders
AMEX seeks to expand merchant acceptance with emphasis on growing tourism market
AMEX targets younger consumers with tailored offerings and marketing strategies
Number of high-net worth individuals is set to rise, creating opportunities for premium charge card players
Credit Cards in Thailand - Category analysis
Credit Cards in Thailand - Company Profile
KEY DATA FINDINGS
Thailand's credit card market sees continued growth, driven by rewards and strategic partnerships
Rising credit card debt prompts flexible payment solutions
Tourism boom drives credit card usage
BOT imposes stricter guidelines to address high levels of household debt
BNPL’s rapid Growth in Thailand challenges credit cards and highlights need for regulation
BOT set to raise minimum credit card payment
Debit Cards in Thailand - Category analysis
Debit Cards in Thailand - Company Profile
KEY DATA FINDINGS
Shift towards cardless banking solutions
PromptPay and QR codes drive cashless transformation
Consumers favour credit cards for higher value purchases
Shift towards cashless society will drive decline in debit card usage
Introduction of cross-bank cardless withdrawals may further reduce reliance on physical debit cards
Cardless withdrawal fee proposal faces delay amid consumer backlash
Pre-Paid Cards in Thailand - Category analysis
Pre-Paid Cards in Thailand - Company Profile
KEY DATA FINDINGS
Improved transport infrastructure boosts growth in pre-paid card transactions
Rabbit Card expands reach and usage across Thailand's transportation and retail sectors
Digital travel cards gain popularity as consumers embrace cashless and convenient payment solutions
Ministry of Transport plans significant transportation investments under 'Quick Win' policy for 2024-2025
Starbucks to expand presence in Thailand, with plans to double its branch network by 2030
Travel cards poised for significant growth as consumers shift from traditional currency exchange
Store Cards in Thailand - Category analysis
Store Cards in Thailand - Company Profile
KEY DATA FINDINGS
Steady growth in store card spending, driven by aggressive marketing and promotions
Major retailers invest in expanding customer base through new branches and renovations
Store cards drive sales and loyalty through flexible payments and exclusive offers
Thai government’s Digital Wallet Stimulus programme set to boost store card usage
Store cards to benefit from growth in retail sector, despite ongoing challenges
Alternative purchasing methods challenge traditional store cards
Financial Cards and Payments in Thailand - Industry Overview
Financial cards and payments in 2024: The big picture
2024 key trends
Government push towards cashless society
Younger generations shape payment behaviour
Growing adoption of BNPL platforms
What next for financial cards and payments?
DISCLAIMER
The following categories and subcategories are included:
Pre-Paid Card Transactions
- Closed Loop Pre-Paid Card Transactions
- Open Loop Pre-Paid Card Transactions
Pre-Paid Card Transactions
A card paid for at point of sale, and permitting the bearer to buy goods or services usually of a particular type up to the pre-paid value. These cards acts as an alternative to cash. The card can be disposable or re-loadable.
See all of our definitionsWhy buy this report?
- 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
This report originates from Passport, our Pre-Paid Card Transactions research and analysis database.
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