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The credit card business is likely to continue to grow in the years 2019-2021, with an expected increase in line with consumer behavior

The credit card business is likely to continue to grow in the years 2019-2021, with an expected increase in line with consumer behavior

Credit card issuers can look forward to gradually improving conditions over 2025-2027

Updated the key Industry Indicator: Credit Card in each industry.By Talublugkhana Thanadhidhasuwanna

Updated the key Industry Indicator: Credit Card in each industry.By Talublugkhana Thanadhidhasuwanna

Credit card business It is a business that provides consumer loans to customers through pre-approved credit lines

Players 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 market 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 spending power and the declining ability of borrowers to make their debt repayments on schedule

Financial services include Credit card, car hire purchase and other financial services

‘Buy Now Pay Later’ The Next Wave of Credit Products January 2023