Thailand Targets Youth with Next Digital Wallet Phase

[snoop1130]

A Thai fruit market | Photo via Markus Winkler/Pexels

 

Deputy Prime Minister and Minister of Finance Pichai Chunhavajira announced today that the third phase of the digital wallet programme will target individuals aged 16 to 20. The initiative aims for a funds distribution by the second quarter, with discussions underway for a potential fourth phase.

 

Pichai shared these developments at the Economic Stimulus Policy Committee's first 2025 meeting, held at Government House on March 10. The committee presented preliminary plans intended to boost the economy by 3%, with full details to be revealed later today. Future structural modifications are anticipated to address ongoing economic challenges.

 

Addressing the debated 10,000 baht digital wallet, Pichai affirmed the move was non-contentious, reaffirming that discussions are scheduled. This phase focuses on younger citizens, supporting economic engagement, and the programme's expansion will depend on the current phase’s success.

 

 

The initiative aims to inject about 150 billion baht into the economy, easing spending rules to enhance participation. The government is also considering options for citizens to convert digital funds into cash or invest in business ventures for greater efficiency.

 

Earlier programme phases succeeded in supporting vulnerable populations and seniors, with positive economic impacts observed. For those lacking smartphones, arrangements are underway to ensure they can access the funds, reflecting the government’s commitment to inclusivity and economic stimulation, , reported The Thaiger.

 

-- 2025-03-10

 

 

[ikke1959]

Yes the youth will surely stimulate the economy with this money 16 to 20 yrs.. Not even adults...This group could be passed to save money for the people who really need it, but of course friends and family of the Government  can't be disclosed from the free money

[Tropicalevo]

53 minutes ago, snoop1130 said:

The initiative aims to inject about 150 billion baht into the economy,

 

Does the money from drug purchases actually get into the local economy, or is it kept as crypto/deposits whatever.

[Sir Dude]

The government are morons... the demogrphic that spends and buys stuff is the 25-45 age group, and they are they ones left to the end. Couldn't make it up how inept and ill-informed these people in government are... huge facepalm.