Thai government to distribute 10,000 baht through Pao Tang digital wallet next year

[snoop1130]

 

Prime Minister Srettha Thavisin confirmed the distribution of 10,000 baht through the Pao Tang digital wallet, indicating readiness with over 1.8 million familiar shops. The public can start using it from May next year.

 

At 2pm this afternoon, at the Government House, the 61 year old prime minister and Finance Minister, announced the policy of the 10,000 baht top-up program through the digital wallet. He addressed concerns about the ease of use and participation, announcing the development of the Pao Tang digital wallet system, which has 40 million registered public users and over 1.8 million familiar shops. Pao Tang is technologically ready to reduce time and budget duplication.

 

The Ministry of Finance is familiar with the supervision and prevention of various forms of corruption. They will develop a Pao Tang digital wallet with blockchain technology in the background as a basic structure to prevent corruption. If anyone breaches the system, it can be checked immediately.

 

Having a blockchain will develop basic structures, create transparency, and reduce tangible corruption. This can be used once it passes the interpretation by the attorney general by the end of this year. Introduced to the parliament early next year, the budget will be prepared and the public can use it from May next year, reported KhaoSod.

 

By Puntid Tantivangphaisal

Caption: Photo courtesy of Bangkok Post

 

Full story: The Thaiger 2023-11-10

 

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[RanongCat]

These  "familiar" shops are undoubtably  franchise  operations  or affiliated "counter pay" approved businesses belonging to  well heeled elitists. As with previous or existing populist subsidized payments that supposedly are for material purchases exclusive of  cash, alcohol  or tobacco an extra deduction for  cash payouts and bogus claims for  soap powder  or infant  milk product purchases is about to receive a 600, 000 million  boost ! A local  village community is already  excited about the plans for a stand alone 7/11 outlet that I would estimate will only be viable due to this  new scheme.

"Consumer confidence" soars in Thailand another  headline  proclaims . For a select few that will probably be  correct.

[hotchilli]

13 hours ago, snoop1130 said:

The Ministry of Finance is familiar with the supervision and prevention of various forms of corruption.

Lol

[prakhonchai nick]

Thais with bank deposits of more than 500,000baht will not receive the payment.

I can see a lot of withdrawals before the cut off date, with cash being kept "under the bed"

[mancub]

If your 16th birthday falls on June 1st next year. you're gonna be a tad peeved eh ?

[Bangkok Barry]

14 hours ago, RanongCat said:

A local  village community is already  excited about the plans for a stand alone 7/11 outlet

 

What a sad life they must lead 

[hondoelsinore]

Roughly $261 US dollars puts into perspective the sadness these governments deal out, like the US government did with the $1400 sucker relief fund. At least Americans could by Kools and a 40oz. It's so exciting being a human in these times...

[Cake Monster]

For many, the only Tax System registered Business's in the district are for 7/11 Tescossss and Big / Minu C 

Why make people use a phone App, when its just so much simpler to just hand over most of the allotted Money to one certain huge retailer

[Cake Monster]

Hardly the rapid injection of Money into the Economy that was touted for the 10K scheme

Its slated to start in May of next Year, by which time Srettha and his Government will probably no longer be in charge

 

[Sydebolle]

Honestly, is there anybody out there believing this avalanche of nonsense from the finance ministry? 

Thais will have to pay all this back and once the bill surfaces, the puppet masters will be gone into oblivion - bye bye into thin air ;-) 

[Oleolf]

On Google Playstore this app gets a score of 1.8 out of 5 when counting the latest 20 reviews. I'm sure everything will be fine 😂

[John Drake]

3 hours ago, Sydebolle said:

Thais will have to pay all this back and once the bill surfaces, the puppet masters will be gone into oblivion - bye bye into thin air ;-) 

 

By then CP and friends will have pocked the billions and it won't matter for the people who do matter.