![KTC-Shopee alliance targets cost relief for cardholders amid 9.9 e-commerce surge](/img/files/20240903/iqf2e98ead3a2bbb5a037e321e0ab9bf12.jpg)
Mr. Nattasit Soontranu, Head of Credit Card Marketing Division, "KTC" or Krungthai Card Public Company Limited, stated, "Online shopping is a spending category that Thais are increasingly familiar with, leading to significant growth in the Thai e-commerce market within the Southeast Asian region. Shopee, the leading platform in Thailand, has held the largest market share and has been a longstanding business partner of KTC since it first entered the Thai market. Shopee's strategy of organizing the 9.9 online shopping festival has become a major trend, rapidly gaining popularity among online shoppers and expanding to reach a wider range of consumers and businesses."
"In the past 7 months (January - July 2024), KTC members' online spending behavior has shifted year-over-year. Members are making purchases more frequently, although the amount spent per transaction has decreased. This is evident from the nearly 40% consistent growth in credit card transactions via e-marketplace platforms. These platforms have been actively driving consumer engagement with numerous sales promotions, such as discount codes during Double Date, PAYDAY and live-streaming sales of products at special rates, encouraging consumers to make more value-driven purchases on items they need."
"KTC has partnered with Shopee to curate 3 special privileges during the 9.9 campaign to help ease the spending burden for KTC credit cardmembers and 'KTC PROUD' Cash Card members. Privilege 1: Enjoy up to 2,500 baht discount upon shopping products worth 12,000 baht on the Shopee app and making installment payments with any KTC credit card. Privilege 2: Enjoy up to 1,200 baht discount upon shopping with a KTC credit card or KTC PROUD MASTERCARD card exclusively on September 9, 2024. Privilege 3: Redeem KTC FOREVER points for a Shopee code worth up to 500 baht via the KTC Mobile app between September 2-16, 2024, and enter the discount code in the Shopee app before paying with a participating KTC credit cards."
Mr. Karan Ambani, Head of Commercial, Shopee Thailand Company Limited, stated, "With the continuous growth of e-commerce in Thailand, consumers have increasingly turned to shopping via online channels for products and services. Among KTC credit card users on the Shopee app, Home and Living products are the most popular purchases. Our strategy is to keep evolving Shopee beyond an e-commerce platform by focusing on the 3S Moments: Surprise, Savings, and Success. These will remain our key priorities throughout the year."
"As the leading e-commerce platform that captures the hearts of Thai shoppers, Shopee is thrilled to partner with KTC to create a convenient online shopping experience and alleviate financial burdens, especially during these challenging economic times. We genuinely hope this partnership will enhance the online shopping experience for Thai consumers, and we remain committed to developing our services to meet their evolving needs and expectations in the future."
For more information on Shopee 9.9 Super Shopping Day campaign, please visit https://www.ktc.co.th/en/promotion/online/shopping/shopee99. To apply for any KTC credit card, click the link: https://ktc.today/apply-card. For the "KTC PROUD" Cash Card, click: https://ktc.today/KTC-PROUD, contact KTC PHONE 0-2123-5000, or visit any "KTC TOUCH" branches nationwide. It is advisable for credit cardholders to use their cards responsibly and repay the full amount as scheduled to avoid incurring an annual interest rate of 16%. "KTC PROUD" Cash Card members should borrow as much as they need and can afford to repay.