Double-digit growth in Amex card spending set to persist

Quick Summary:

American Express (Thai) Co projects continued double-digit growth in card spending in the Thai market, driven by the robust purchasing power of the country's high-income segment.

Post-pandemic, spending by Thai cardholders has increased in terms of both inbound and outbound payments, with the ratio being 60% and 40%, respectively.

He said the number of premium credit card members in Thailand continues to rise.

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Article Details

Category: EconomyBusiness

Markets: ThailandHong KongSingapore

Topics: Cardholders American Spending Express Growth Benefits Year Purchasing Card Thailand Double-digit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-24 @ 10:18:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 25389323

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 15 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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