Amex joins forces with three major banks to expand card acceptance and attract premium tourists to Thailand

M&A · Partnership
โดย Money & Banking·THUS·Read original
Summary · why it matters

American Express has announced partnerships with Kasikornbank, Bank of Ayudhya, and Siam Commercial Bank to expand its card acceptance network across Thailand, aiming to bring premium spending power into the Thai economy. Premium cardholders spend up to three times more annually than other card networks. Between 2023 and 2025, the number of Amex card members travelling to Thailand rose 47 percent, in line with the government's High Value Tourism policy. Sirisun, Country Manager for Thailand, said the expansion of card acceptance will cover travel, dining, and lifestyle categories to serve both members in Thailand and premium tourists from around the world. Currently, Amex is accepted at more than 170 million merchants worldwide, and the number of merchants accepting the card has doubled since 2021.

Impact on stocks 4

Digital Finance & Tokenization▲ · 2 stocks
American Express Company
AXP
▲ PositiveDemandrelevance

Expanding card acceptance in Thailand to attract premium tourists increases usage and spending on Amex cards.

SCB X Public Company Limited
SCB
▲ PositiveDemandrelevance

Partnership with Amex to expand card acceptance likely increases transaction volume and fee income for SCB X.

Financials▲ · 2 stocks
Bank of Ayudhya PCL
BAY
▲ PositiveDemandrelevance

Partnership with Amex to expand card acceptance likely increases transaction volume and fee income for Bank of Ayudhya.

© 2026 MarketDXNews