Citibank Thailand completes acquisition of TISCO's consumer portfolio

The bank has added over 130,000 new accounts and $150m in receivables.

Citibank Thailand has completed the acquisition of TISCO Financial Group’s Unsecured Personal Loans portfolio and All-Ways’ credit card business months after the deal was first announced in March.

The acquisition and consequent migration of the credit card arm was completed on September 23 whilst the migration of the Unsecured Personal Loans portfolio was concluded earlier in June.

The move has since added more than 130,000 new accounts and over $150m in receivables to the bank, enabling its cardholders to access the full suite of credit card products, promotions and global privileges.

Also read: Citi ties up with Spotify to enable music subscription via credit card points

Cardholders can also tap regional and country-specific digital partnerships with a wide range of merchants including Agoda, Lazada, Airbnb and Garena and manage their card accounts on Citibank Thailand’s mobile app and social messaging platform LINE.

Also Read

Cambodia enables QR payments from foreign e-wallets through Alipay+

Hong Kong to rename ‘virtual banks’ to ‘digital banks’

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit