The majority of PayPal users in Thailand will no longer be able to use the service next month unless they jump through a series of byzantine and bureaucratic steps that are only available to citizens. A year after it first warned of the change and several subsequent delays, PayPal notified…
Bank of Ayudhya (Krungsri) believes the trend of rising interest rates will not affect real demand for mortgages, predicting positive demand in the final quarter this year.
SB Finance Co. Inc. and Davao-based appliance and motorcycle dealer Emcor Inc. signed a memorandum of agreement allowing their customers to buy various products on installment. Under the partnership, customers who use SB Finance’s credit line called “Hooloogan” can avail of financing options with no downpayment required. Special discounts will…
The Credit Card Club, a unit of the Thai Bankers' Association, plans to meet with the Bank of Thailand to share information about the credit card market to address the regulator's concerns over rising household debt stemming from unsecured loans.
The Bank of Thailand plans to ask both banks and non-banks to cease encouraging unnecessary borrowing of unsecured loans early next year as it wants to see the ratio of household debt to be at a level not exceeding 80% of GDP.