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Hotels in Phuket, Krabi stop accepting credit cards from Russian banks following SWIFT exclusion

Hotels in Phuket, Krabi stop accepting credit cards from Russian banks following SWIFT exclusion

13 Sept 12:11 Key points summarised by AI
  • Hotels in Phuket and Krabi have ceased accepting credit cards from Russian banks, impacting Russian tourists' ability to pay.
  • This action follows the exclusion of major Russian banks from the SWIFT system and Visa/Mastercard's suspension of operations in Russia.
  • Russian tourists are now primarily resorting to cash payments, and advance bookings have seen a 15% cancellation rate.
  • The number of Russian tourist arrivals in Thailand has significantly dropped, impacting the country's tourism revenue, particularly in popular coastal provinces.
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