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Friday, May 3, 2024

Analysts pour cold water on digital wallet

Deputy Finance Minister Julapun Amornvivat, left, speaks to supporters of the digital wallet scheme at the headquarters of the Pheu Thai Party last month. (Photo: Somchai Poomlard)

Analysts have cast doubts on the ability of the digital wallet policy to kick-start the economy, noting the costly stimulus measure poses a risk to the country’s fiscal stability in the medium term.

Naris Sathapholdeja, head of ttb analytics, said private consumption this year is growing well among certain groups of people who still have purchasing power.

This scheme should be focused specifically on vulnerable groups or other targeted…

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