Popular Post snoop1130 Posted Thursday at 10:25 AM Popular Post Share Posted Thursday at 10:25 AM The Thai Finance Ministry plans to introduce a 10,000-baht digital wallet scheme for 50 million local residents. The registration for this will start in August 2024. This initiative targets Thai citizens who are aged above 16 with low income and minimal savings. The aim of this program is to stimulate the economy by encouraging electronic spending at local shops. The Deputy Finance Minister, Julapan Amornvivat, assured that the Ministry has secure funding for this 500 billion baht digital project. This budget includes 175 billion baht from the 2024 financial year, 152.7 billion baht from the 2025 fiscal year and 172.3 billion baht from the state-owned Bank for Agriculture and Agricultural Cooperatives. Despite ongoing discussions at budget committee meetings, the Ministry sees the discussions as a standard part of the process and is not worried about budget rejection. On the forthcoming agenda of the digital wallet policy committee meeting, the Ministry of Commerce will tackle the preparedness of stores that wish to participate. The aim is to ensure people purchase domestic goods and raw materials, which will help boost the local economy. Registration for 50 million people is scheduled to parallelly kick off in early August 2024. It will then close towards the end of September 2024 for multiple agencies to verify the claims. The app development is timed to complete during the third quarter, ensuring the digital money reaches the public by the end of the year. The app is also expected to support various state welfare programs, such as subsidies for electricity, gas, transportation, care for the elderly and vulnerable, and health services. The purpose is to consolidate all state welfare data into one system. The Ministry of Digital Economy will be responsible for managing this app, marking it as Thailand's first application, handling data for 50 million residents for public welfare. File photo for reference only -- 2024-07-04 Get our Daily Newsletter - Click HERE to subscribe 2 3 Link to comment Share on other sites More sharing options...
Pouatchee Posted Thursday at 02:15 PM Share Posted Thursday at 02:15 PM 💩 1 1 Link to comment Share on other sites More sharing options...
ikke1959 Posted Thursday at 02:43 PM Share Posted Thursday at 02:43 PM 4 hours ago, snoop1130 said: which will help boost the local economy. but will bring a big burden to the country in the coming years as interests and pay back the loan must be done.... Other ideas would have done much better for the economy instead of one time pay out of 10k, which in fact is nothing in a year time 1 Link to comment Share on other sites More sharing options...
Popular Post huangnon Posted Friday at 04:29 AM Popular Post Share Posted Friday at 04:29 AM Anything to push through digital currency (slavery) for this muppet's globalist backers. 2 1 2 1 Link to comment Share on other sites More sharing options...
Celsius Posted Friday at 04:31 AM Share Posted Friday at 04:31 AM Gonna tell wife to transfer money to my account so she gets some moolah 2 Link to comment Share on other sites More sharing options...
Popular Post Guderian Posted Friday at 05:08 AM Popular Post Share Posted Friday at 05:08 AM The GF's already spent her 10K Baht, just paying the interest now to the guy with the baseball bat she borrowed it from, lol. 1 5 Link to comment Share on other sites More sharing options...
Popular Post khunjeff Posted Friday at 05:51 AM Popular Post Share Posted Friday at 05:51 AM So they're getting ready to start registration for a program that hasn't been approved yet, and will spend funds that haven't been budgeted yet? Got it. 2 1 1 Link to comment Share on other sites More sharing options...
hotchilli Posted Friday at 05:53 AM Share Posted Friday at 05:53 AM 19 hours ago, snoop1130 said: The Thai Finance Ministry plans to introduce a 10,000-baht digital wallet scheme for 50 million local residents. The registration for this will start in August 2024. This initiative targets Thai citizens who are aged above 16 with low income and minimal savings. The aim of this program is to stimulate the economy by encouraging electronic spending at local shops Goal posts moving? Hope the registration goes as smoothly as the senate election.. it will be a breeze. 1 Link to comment Share on other sites More sharing options...
Popular Post dinsdale Posted Friday at 09:59 AM Popular Post Share Posted Friday at 09:59 AM I would bet my house on the system crashing on the 1st day. 2 1 Link to comment Share on other sites More sharing options...
GreasyFingers Posted Friday at 10:05 AM Share Posted Friday at 10:05 AM This will be interesting. 175 billion baht to be spent between October and December2024 and only 152 billion for the whole year of 2025. Looks like a good way to cause inflation. Link to comment Share on other sites More sharing options...
Popular Post PETERTHEEATER Posted Friday at 10:36 AM Popular Post Share Posted Friday at 10:36 AM I already have a digital wallet. My wife's digits are always in it. 3 1 Link to comment Share on other sites More sharing options...
Snackbar Posted Friday at 11:01 AM Share Posted Friday at 11:01 AM Minefield Link to comment Share on other sites More sharing options...
terje johnsen Posted Friday at 11:07 AM Share Posted Friday at 11:07 AM This will bring inflation to rise and make more problem for thais with loans. When price on food and services goes up it wont get down again. Its good for the people in the short term but real bad in the Long term. Link to comment Share on other sites More sharing options...
NoDisplayName Posted Friday at 11:15 AM Share Posted Friday at 11:15 AM Now that I have a pink ID and am a tax resident in Thailand and liable to pay tax on all income remitted, do I get a digital wallet, too? Link to comment Share on other sites More sharing options...
dinsdale Posted Friday at 11:57 AM Share Posted Friday at 11:57 AM 41 minutes ago, NoDisplayName said: Now that I have a pink ID and am a tax resident in Thailand and liable to pay tax on all income remitted, do I get a digital wallet, too? No. Probably means you're married so kiss your income goodbye and the 10k will be gone in the blink of an eye. Link to comment Share on other sites More sharing options...
cowellandrew Posted Friday at 04:25 PM Share Posted Friday at 04:25 PM 5 hours ago, NoDisplayName said: Now that I have a pink ID and am a tax resident in Thailand and liable to pay tax on all income remitted, do I get a digital wallet, too? Do you have black hair and brown eyes? 😂🐒🐘 Link to comment Share on other sites More sharing options...
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