# CardX Adopts BOT Policy to Promote Responsible Lending and Alleviate Burden

- Link: https://www.thailand-business-news.com/thailand-prnews/cardx-adopts-bot-policy-to-promote-responsible-lending-and-alleviate-burden
- Published: 2024-02-14T04:28:20+07:00
- Author: Thailand PR News

**Bank of Thailand addresses household debt issue. CardX commits to responsible 
lending, plans campaigns to ease consumer burden and increase credit card spending.**

## Bank of Thailand’s Concerns

The Bank of Thailand has recognized household debt as an ongoing structural issue,
despite a drop in the household debt to GDP ratio. The BOT’s main priority is to
promote responsible credit management and financial discipline among borrowers.

## CardX’s Commitment to Responsible Lending

CardX, a financial institution, has pledged to adhere to these guidelines and make
responsible lending a top priority. They aim to integrate financial literacy and
encourage financial discipline into their sales process, advertising, and customer
consultation services. With over 115.5 billion baht in loans as of December 31, 
2023, CardX intends to focus on consumer relief campaigns in 2024 and anticipates
a 15% rise in credit card spending.

## Future Plans for CardX

In the coming year, CardX will concentrate on increasing liquidity for consumers,
while striving for enhanced performance and an expanded debtor portfolio. Moreover,
the company will prioritize technology development and data analysis to improve 
the consumer experience.

**Source** : [CardX Adopts BOT Policy to Promote Responsible Lending and Alleviate Burden](https://thailandbusinessnews.net/companies/cardx-adopts-bot-policy-to-promote-responsible-lending-and-alleviate-burden/?rand=93848)