32.6 C
Bangkok
Monday, May 6, 2024

Thailand’s 500-billion-baht digital wallet scheme in limbo

The Thai government is facing another delay in the rollout of a 500-billion-baht digital wallet scheme, with no new timeline provided.

  • The rollout of Thailand’s 500-billion-baht digital wallet scheme has faced another delay, with no new timeline provided, creating uncertainty about its implementation.
  • The government aims to boost economic growth through the digital wallet scheme, but the delay adds to existing concerns about its funding and fiscal responsibility.
  • The digital wallet handout, a key policy of the ruling Pheu Thai Party, has faced criticism and warnings from experts and the National Anti-Corruption Commission, raising doubts about its legality and effectiveness.

Disagreements between the government and the Bank of Thailand

The scheme, aimed at boosting the economy by providing 10,000 baht to 50 million citizens via a mobile app, has been postponed from its original…

Read more…

Latest Articles