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The Cards And Payments Industry In Thailand: Emerging Trends And Opportunities To 2021

Published on: Feb 2017 | From USD $2750 | Published By: GLOBAL DATA | Number Of Pages: 58

The Cards and Payments Industry in Thailand: Emerging Trends and Opportunities to 2021

Summary

GlobalData’s "The Cards and Payments Industry in Thailand: Emerging Trends and Opportunities to 2021" report provides detailed analysis of market trends in the Thai cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, direct debits, check payments, payment cards and cash transactions during the review period (2012-2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review period and over the forecast period (2017-2021). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

The report provides top-level market analysis, information and insights into the Thai cards and payments industry, including -
- Current and forecast values for each market in the Thai cards and payments industry, including debit, credit and charge cards.
- Detailed insights into payment instruments including credit transfers, direct debits, cash transactions, checks and payment cards. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis and payment methods.
- Analysis of various market drivers and regulations governing the Thai cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit, credit and charge cards.
- Comprehensive analysis of consumer attitudes and buying preferences for cards.
- The competitive landscape in the Thai cards and payments industry.

Scope

- As part of the government’s Payment Systems Roadmap 2012-2016, the Bank of Thailand and Thai Bankers’ Association developed a national e-payment system, Prompt Pay, in 2016. This system was launched in January 2017, and is to be deployed in two phases. In the first phase, users are required to link their bank accounts with a mobile number or national ID number - thereby transferring money to recipients or making payments at merchants without the need to divulge bank account details - while phase two allows users to conduct other transactions such as bill payment and request-to-pay services.
- In order to develop the country’s financial sector and promote electronic payments, the Thai government launched the Financial Sector Master Plan (FSMP III) in March 2016; this was an extension to the previously launched FSMP I and II. The plan fosters the government, business and retail sectors to create an environment and infrastructure conducive to the adoption of electronic and financial payments. Some of the initiatives in this regard include the development of robust payment infrastructure, financial literacy among consumers, efficient pricing mechanisms, the establishment of an integrated IT system and industry-wide shared infrastructure and fraud monetary systems. Initiatives like these are expected to further boost electronic payments in the country.
- Mobile network operators (MNOs) are also contributing to the promotion of electronic payments. Leading MNOs, including Advanced Info Services (AIS), Total Access Communication Company (DTAC) and True Move H, are now all offering their own digital wallets. To further increase the use of wallets among their subscribers, in 2015 the three MNOs collaborated to integrate their respective wallets - mPAY, Jaew Wallet and True Money - allowing subscribers to make person-to-person (P2P) payments across the three mobile networks using recipients’ mobile numbers.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Thai cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Thai cards and payments industry.
- Assess the competitive dynamics in the Thai cards and payments industry.
- Gain insights into marketing strategies used for various card types in Thailand.
- Gain insights into key regulations governing the Thai cards and payments industry.

Table of Contents
EXECUTIVE SUMMARY
1.1. Market overview
1.2. Key facts
1.3. Top five industry events
2 PAYMENT INSTRUMENTS
2.1. Current payment environment
3 E-COMMERCE AND ALTERNATIVE PAYMENTS
3.1. E-Commerce market analysis
3.2. Alternative payment solutions
3.2.1. PayPal
3.2.2. Prompt Pay
3.2.3. mPay
3.2.4. True Money
3.2.5. Master Pass
3.2.6. Line Pay
3.2.7. AirPay
3.2.8. Fortumo
3.2.9. 123 Payment
4 REGULATIONS IN THE CARDS AND PAYMENTS INDUSTRY
4.1. Regulatory framework
4.2. Anti-money laundering and counter terrorism financing (AML/CTF)
4.3. Foreign direct investment (FDI) regulations
5 ANALYSIS OF CARDS AND PAYMENTS INDUSTRY DRIVERS
6 PAYMENT CARDS
7 DEBIT CARDS
7.1. Debit cards market analysis
7.2. Competition in debit cards market
7.3. Debit cards comparison
8 PAY LATER CARDS
8.1. Pay later cards market analysis
8.2. Competition in pay later cards market
8.3. Pay later cards comparison
9 PREPAID CARDS
10 APPENDIX
10.1. Abbreviations and acronyms
10.2. Supplementary data
10.3. Definitions
10.4. Common payment card features
10.5. Methodology
10.6. Bibliography
10.7. Further reading

List of Figures
Figure 1: Thailand, Payment Instrument Shares by Transaction Value (%), 2012 vs 2016
Figure 2: Thailand, Payment Instrument Shares by Transaction Volume (%), 2012 vs 2016
Figure 3: Thailand, E-Commerce Value
Figure 4: Thailand, Population and Economic Indicators
Figure 5: Thailand, ATMs, POS Terminals and Household Consumption
Figure 6: Thailand, Payment Cards Transaction Value and Cards in Circulation, 2012-2021
Figure 7: Thailand, Debit Card Penetration and Turnover Per Card
Figure 8: Thailand, Debit Cards Scheme and Issuer Transaction Value Share (%), 2016
Figure 9: Thailand, Pay Later Card Penetration and Turnover Per Card
Figure 10: Thailand, Pay Later Cards Scheme and Issuer Transaction Value Share (%), 2016
Figure 11: Thailand, Prepaid Cards in Circulation and Transaction Value, 2012-2021

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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There may be exceptions to this if you place order on a non-working day specifically because our publisher partners are located all over the globe. In case of physical delivery report will be couriered to you within 3 working days from the date of the receipt of payment and delivery time will differ based on your location

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