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Less than 40 million Thais expected to join digital wallet scheme
The Government of Thailand anticipates fewer than 40 million participants in its flagship digital wallet handout scheme, with the initial phase set to benefit 14.5 million vulnerable individuals starting yesterday, according to a Finance Ministry official. Under this stimulus programme, the government plans to distribute 450 billion baht to 45 million people, with each registered participant receiving 10,000 baht to spend locally within six months. Approximately 36 million people have registered for the scheme so far, with some registrations overlapping with the vulnerable groups, said Lavaron Sangsnit, the Finance Ministry Permanent Secretary. “From the current data, it is expected that the number of participants in the project will not reach 40 million, which will allow for more flexibility in budget management.” Lavaron also mentioned that there are about three million people without smartphones, which might affect their participation in the digital wallet scheme, reported Bangkok Post. The second phase of the handout is anticipated to commence early next year. ORIGINAL STORY: Digital wallet delay: No green light before year-end The highly anticipated second phase of Thailand’s digital wallet initiative is on ice, with Deputy Prime Minister and Finance Minister Pichai Chunhavajira revealing that it’s unlikely to roll out before the end of the year. In a brief meeting with the press today, Pichai highlighted the need for a cautious approach, stressing that factors like timing and continuity must be thoroughly evaluated before pushing ahead. When quizzed about the fate of the leftover funds, Pichai hinted that the government may be eyeing alternative investments. He pointed to small-scale infrastructure projects as a potential avenue, stating that such investments could play a pivotal role in strengthening the nation’s economy and bolstering its infrastructure. “The government is committed to the digital wallet initiative.” However, Pichai was quick to add that long-term benefits take precedence. “We must prioritise projects that will have a lasting impact on the country.” While the digital wallet remains a key policy, Pichai emphasised that no decisions would be made lightly. Each investment will be scrutinised to ensure it contributes meaningfully to the nation’s development. With no firm date set for the digital wallet’s second phase, the government appears to be rethinking its strategy, focusing on investments that could offer more immediate and sustainable returns for Thailand, reported The Nation. by Puntid Tantivangphaisal Photo courtesy of Bangkok Post Source: The Thaiger -- 2024-09-17 -
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How about some easy DIY bacon?
I'm sad enough to go back and check, it was Option-1. -
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What is the best way to watch old movies at home in Thailand?
YouTube has heaps of old movies. -
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Aseannow 🙂 why aren’t you reporting how friendly the new government is towards cannabis?
Previously they had nothing but disparaging things to say about it... Asean Now does not express opinions, disparaging or otherwise, about anything, it publishes other sources' opinions. -
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How about some easy DIY bacon?
They should make artisan mozzarella-di-buffala in Thailand, enough water buffaloes.- 1
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Do you want President Harris to pardon Trump?
He's not guilty of anything to pardon -
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Swift endorsement turns more voters from harris than it attracts…
I agree... those 12 year old girls should be investing in ballistic vests and steel helmets. All thanks to 2nd amendment maroons and firearm company's big money donations to GOP.- 1
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Aseannow 🙂 why aren’t you reporting how friendly the new government is towards cannabis?
And that's a good thing?🤔 -
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Swift endorsement turns more voters from harris than it attracts…
I'm wiping my keyboard as we speak...- 1
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The award for the most dangerous Highway in Thailand goes to....
I trust you had a happy ending when you finally arrived. -
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Latest developments and discussion of recent events in the Ukraine War
US would prefer to keep things calm until after the November election. -
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Thailand issues four major announcements on new visa measures
I will just tell them I have no income and no bank account at home and live off my wife who is a popular Bangkok prostitute (she's not)
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