Affluant Thais lift Visa growth

September 12, 2017 by  
Filed under News, Thailand

BANGKOK, 12 September 2017 – Spending growth among affluent Visa cardholders in Thailand tripled the growth of overall Visa’s business, defying economic slowdown and driven by increased travel-related expenditure, according to Visa.

Payment volume in the affluent segment grew at a rate of 30% year-on-year for the first half of financial year 2017, higher than the overall cardholder growth of 11 per cent.[1]

Overall credit card spending has stabilised despite an uncertain global economic outlook, which affected the export-reliant Thai economy. Read more