AMEX partners with 3 Thai banks to expand card acceptance network

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

American Express has announced partnerships with Kasikornbank (KBank), Krungsri (Bank of Ayudhya), and Siam Commercial Bank (SCB) to expand its card acceptance network in Thailand. The goal is to enable both foreign and Thai cardholders to use their cards at a wider range of merchants, especially in major tourist destinations and everyday spending categories. This collaboration is part of AMEX's global strategy, which currently includes over 170 million merchant locations worldwide and 152.8 million cards in force as of the end of 2025. Annual spending on AMEX cards is approximately three times higher than other cards globally. However, a key challenge is the merchant discount rate (MDR), which ranges from 3.00% to 3.65% per transaction, significantly higher than the 0.55% charged on typical Thai credit and debit cards, potentially making smaller merchants hesitant to participate.

Impact on stocks 4

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

Partnerships with Thai banks expand merchant acceptance, boosting card usage and spending.

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

Partnering with AMEX expands its merchant network and potential transaction volume.

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