Digital Wallet Scheme Aimed at Boosting Businesses and Stimulating the Economy

The Thai government’s initiative to provide a 10,000-baht digital wallet giveaway is expected to have a positive impact on 50 million individuals and offer significant support to small and medium-sized businesses in the retail, service, and tourism sectors.

Key Takeaways

• The Thai government’s 10,000-baht digital wallet giveaway is expected to benefit 50 million individuals and provide substantial support to small and medium-sized businesses in the retail, service, and tourism industries.
• The digital wallet scheme could stimulate Thai economic growth by 1.5 to 2 percentage points, potentially reaching 5% growth, which is higher than previous forecasts.
• The implementation of the digital wallet scheme is advised to begin in April, ahead of the Songkran festival, to maximize its impact and support local businesses at various levels.

Numerous companies in Thailand have expressed support…