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MasterCard to Sell Thais, Asians on Plastic.
Byline: Darana Chudasri
Mar. 6--MasterCard expects to see double-digit growth in credit card issuing and spending to continue this year, despite increasing competition from market rivals and tighter regulation from the Bank of Thailand.
Basker Rangachari, vice-president and country manager for MasterCard International, said outstanding cards last year was 1.46 million, up 126 percent from 2001.
Gross volume spending totalled US $2.02 billion last year, up 297 percent from the year before.
MasterCard claims a 45-50 percent share of the global credit-card market. Last year, global spending rose 15 percent to $1.14 trillion. The number ...
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