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Thai Credit Operator Expects 23 Percent Rise in Receivables.
Byline: Somporn Thapanachai
Jul. 4--Siam A&C Co Ltd, which extends credit under the Easy Buy brand, expects to have eight billion baht in accounts receivable this year, an increase of 23 percent from the 6.5 billion baht it had last year.
Although many banks are reducing lending interest rates to woo potential customers, non-bank credit operators such as Siam A&C have found that their business depends more on competitiveness and services.
The company recently introduced a new card for its members, which stores customer information.
The card can also be used at automatic cash deposit machines at Easy Buy outlets, for greater convenience ...
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Source: HighBeam Research, Thai Credit Operator Expects 23 Percent Rise in Receivables.