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

Thailand moves ahead on MRA

July 13, 2015 by  
Filed under News, Thailand

BANGKOK, 13 July 2015: Thailand’s Tourism and Sports Minister, Kobkarn Wattavrangkul, has signed the agreement on the establishment of a regional secretariat to support  the ASEAN Mutual Recognition Arrangement on Tourism Professionals.

ASEAN ambassadors and representatives from ASEAN member states, executives, stakeholders from governmental and private sector were also present to witness the signing ceremony, last Friday, at the InterContinental Hotel, Bangkok.

The Tourism and Sports Minister noted tourism ministers of ASEAN signed off on the initial Mutual Recognition Arrangement on Tourism Professional, 9 November 2012. The long-term aim is to facilitate the mobility training of tourism professionals, the exchange of information on best practices in competency-based education and capacity building across ASEAN member states.

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