Picture courtesy of dailynews
The Thai government has refuted rumours of cutting funds for the digital wallet initiative from 560 billion baht (US$ 15,426,997,600) to 400 billion baht (US$ 11,019,284,000), stating that the project is not just for the underprivileged but aimed at stimulating the economy more broadly. The government is keen on weeding out the wealthy from benefiting from the scheme, which is expected to cost less than the initially projected 560 billion baht as not all beneficiaries will claim their entitlements.
Finance Minister, Junlapun Amornwiwat, who also chairs the committee overseeing the 10,000 baht digital wallet project, clarified that the government has not decided on any reductions or changes to the scheme. He pointed out that the initiative is not intended only for the needy, but rather to stimulate the economy by reaching out to…
