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In a bid to embrace Thailand's growing shift towards a cashless society, IKEA has introduced a significant change in its payment policy. As of April 21, 2025, the Swedish furniture giant announced that cash payments will no longer be accepted at three prominent branches: IKEA Bangna, IKEA Bang Yai, and IKEA Chiang Mai.

 

Revealed through its official IKEA Thailand Facebook page, the decision showcases IKEA's commitment to aligning with modern consumer preferences. Shoppers at these locations are now encouraged to use one of the four accepted cashless payment options: QR codes, credit and debit cards, IKEA gift cards, or IKEA Family points.

 

 

 

However, this move has sparked a mixed response on social media. While many acknowledge the convenience and popularity of cashless transactions, some users voiced concerns. Critics argue that keeping cash as a payment option is essential for individuals uncomfortable with digital payments or those without access to banking facilities. Additionally, there are worries about potential disruptions if digital payment systems encounter technical issues.

 

Despite the mixed reactions, IKEA's decision affects only part of its Thai network, as the company operates five branches in total, including IKEA Phuket and IKEA Sukhumvit, where cash payments are still accepted. As Thailand increasingly embraces cashless transactions, businesses like IKEA are navigating the balance between technological adaptation and inclusivity for all consumers.

 

 

image.png  Adapted by ASEAN Now from Scandasia 2025-04-23

 

 

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Posted
51 minutes ago, richard_smith237 said:

I don't think I've ever paid with cash at IKEA anyway.

 

But for a business to go 'cashless' and potentially ostracise some customers is poor business practice IMO - they should allow as many avenues for customers to pay as possible

You think people without smartphones shop at IKEA?

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Posted

Right!

IKEA will NEVER get my cash.

I never shop there.

Just not my style.

 

I do not understand people that love IKEA....

 

But, live and let live, is my belief.....in life....

 

Mostly things fit for a Doll House, has always been my impression.

 

 

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Posted

... funfact, know where their weird product names come from?

 

It's always the name of the first customer that died trying to set up said product ... an old tradition apparently, 5555 ...

 

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Posted
13 hours ago, richard_smith237 said:

 

Does it matter ?... Its still a flawed business model to potentially turn anyone away.

 

We've already read on this forum from numerous boomers who refuse to shop anywhere that does not permit cash payment...   so IKEA would lose those customers too.

 

I'm not against digital payments - I'm quite pro-digital payments and find the arguments of some against 'digital payment' to be highly flawed.

 

I'm 'pro-options' and believe its better for the consumer to be offered as many options as possible.

 

Its not big deal of course, this won't impact me in the slightest - but I have an opinion on such business behavior thats all.

 

Please think it through and keep the Ikea customer demographic in mind.

The customer base for Ikea is already using digital payments which includes debit and credit cards in addition to telephone apps.

The company most likely  looked at its transactions in detail and realized that  very few if any were paying with cash at the branches where the change will occur.  The dinosaur brigade that you refer to who refuse to use debit cards or payment apps, are not likely to be customers, let alone have the  intelligence or ability to assemble Ikea furniture anyway, so no need to worry about whether or not they agree.  

 

Ikea  sells low cost disposable furniture. The customer base is well documented IKEA's target market primarily consists of the global middle-class group, particularly individuals aged 20-34.

In the USA  The credit and financing company Earnest recently analyzed a dataset of more than 10,000 American shoppers’ spending habits to address a pertinent question: When do consumers ditch Ikea? The answer: at approximately the age of 34.

 

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Posted
13 hours ago, BritManToo said:

You think people without smartphones shop at IKEA?

 

I think a lot of people with smartphones don't have cashless payment options on them.  I'm one of them.

 

Posted

I won't be shopping at Ikea.  I don't like my purchase info stored on a computer forever. 

Besides, their meatballs are made from pork.

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