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  1. #1
    Thailand Expat misskit's Avatar
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    Nearly half of Thai consumers plan to avoid using cash after pandemic ends: study

    A study on consumer payment attitudes by Visa showed nearly half of all Thai consumers (45 per cent) were likely to avoid using cash after the Covid-19 pandemic ends.

    The study also delves into which activities Thai consumers are looking forward to spending on when recovery is underway.


    The top three activities are: travelling within Thailand (35 per cent), travelling abroad to Covid-safe destinations (29 per cent) and taking small get-away trips in their own city (19 per cent).


    Suripong Tantiyanon, country manager, Visa Thailand, said: “The pandemic has had a massive impact on how people live, work and shop both in Thailand and globally.


    As we have crossed the one-year mark since the pandemic hit, we are taking a look at how events in the past are shaping our future. We are privileged to be able to conduct this study and share findings that we believe will help everyone prepare for back-to-business scenarios.”


    According to the study, other behaviours that are likely to become a new normal post-Covid are wearing a mask (62 per cent) and avoiding crowds (43 per cent).


    The situation has also prompted many Thai consumers to explore different shopping channels.


    The most popular channels used for the first time during Covid are shopping on apps and websites (65 per cent), using direct delivery at home after ordering by phone from local shops (47 per cent), and shopping on social media channels (44 per cent).




    Thai consumers were forced to rethink spending priorities. According to the respondents, spending categories that experienced the largest reduction were international trips (63 per cent), going to cinemas or events (60 per cent), buying luxury items like bags, watches and jewellery (60 per cent), fine-dining (58 per cent), well-being treatment (57 per cent) and buying new clothes (54 per cent).




    Looking ahead, in addition to domestic, international and small get-away trips, Thai consumers are preparing to resume spending on gadgets (16 per cent), groceries and personal care items (15 per cent), and going out to enjoy fine-dining and out-of-home entertainment (10 per cent).




    Less than 1 in 10 plans to upgrade home appliances (9 per cent) and spend on fashion and clothing (8 per cent).

    Nearly half of Thai consumers plan to avoid using cash after pandemic ends: study

  2. #2
    Thailand Expat
    taxexile's Avatar
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    Nearly half of Thai consumers plan to avoid using cash after pandemic ends
    probably because they wont have any.

  3. #3
    Thailand Expat helge's Avatar
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    Quote Originally Posted by misskit View Post
    by Visa
    Yeah they'll get a visa creditcard, cause their place of work pays them through the bank.

    How things have changed since I escaped

  4. #4
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    It's a study performed by Visa, of course it will serve their agenda to push for a cashless society as they would benefit from it.

  5. #5
    Thailand Expat russellsimpson's Avatar
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    ^.My thought exactly.

    There is no limit to what these deprived corporate creatures will resort to.

    These unintended negative consequeces of the Co-Vid are beginning to add up.

  6. #6
    I am not a cat
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    Quote Originally Posted by helge View Post
    Yeah they'll get a visa creditcard, cause their place of work pays them through the bank.
    Well, yes actually. My work now pays everyone through deposit to their bank. But it is the tax people behind it. This way all legal earnings get taxed. Before a lot of payments were off book and not taxed. Not surprisingly most people forgot to declare that income.

  7. #7
    Thailand Expat helge's Avatar
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    Know what you mean

    Will take forever till the local mom and pop gets their visa terminal

    Is mobilepay widespread ?


    I take it that the coppers still prefer cash ?

  8. #8
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    Mobile pay works quite well for mom and pop shop, the bank give you a QR code to display at the cashier...people who want to pay this way, scan it, enter the amount to pay and show the cashier their phone to prove that the payment has been done.

    It's a simple process to set it up, much easier than a visa card terminal. Currently there's no costs for the shop but when/if it becomes the main form of payment, I can't see the banks not levying a fee on it.

  9. #9
    A Cockless Wonder
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    Quote Originally Posted by helge View Post
    Will take forever till the local mom and pop gets their visa terminal
    Not to mention Naughty Noi in Soi 6

    Quote Originally Posted by helge View Post
    I take it that the coppers still prefer cash ?
    I got away with 500b in reply to a request for 1000 last time I was on holiday but Dilly put me straight on the untimely demise of BIB bribery and I dumped the wheels to become a novice baht-bus jockey

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