Average Thai household debt has reached its highest level in 18 years, at 85.2% of GDP at end-June according to the IMF. The Bank of Thailand links this to easier access to digital loans and buy-now-pay-later, which some consumers do not fully understand. The BoT says weak household finances will keep growth well below its 2.7% potential, and the IMF expects 2.3% growth this year. For a small business, expect customers to be tighter with spending, and check your own credit lines and any BNPL terms before taking on new debt.