A representative of the Bank of Thailand told the House Economic Affairs Committee today (Thursday) that there is little need for the digital wallet scheme, because private sector consumption for the first half of this year has been expanding, while the labour market is recovering steadily.
As such, claims the bank, the full potential of the scheme, as predicted by the government to justify the cost of the scheme, may not be realised.
Move Forward party-list MP Sitthiphol Vibulthanakul, head of the House Economics Affairs Committee, summed up the opinion, voiced by Daranee Saeju, assistant governor of the Bank of Thailand’s payment systems policy and financial consumer protection group, during her testimony to the committee today.
Representatives from the Finance Ministry and the National Anti-Corruption Commission were also invited to testify today.
Sitthiphol said the…
