PUBLISHED : 20 Dec 2024 at 09: 10
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Mr Atis says even greater obstacles await the credit card industry next year, with subdued economic performance expected, including an uneven recovery hampering business expansion.
The credit card industry is likely to face its most significant challenge in two decades next year, driven by a relatively weak economy, according to the chairman of the Thai Bankers’ Association’s credit card club.
Atis Ruchirawat, chairman of the club, said the unsecured loan sector, which includes credit cards and personal loans, was affected by a sluggish economy in 2024.
Even greater obstacles await next year, with subdued economic performance expected in the country, including an uneven recovery hampering business expansion, he said.
The Bank of Thailand’s d
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