Thailand Expects Less Than 40 Million Registrations for Digital Wallet Scheme, Finance Ministry Official Says
In a recent announcement, Thailand's finance ministry official Lavaron Sangsnit revealed that the country expects less than 40 million people to sign up for its flagship digital wallet handout scheme. The government has allocated 450 billion baht ($13.56 billion) for its stimulus programme, with plans to distribute 10,000 baht ($301) to each of the 45 million registered individuals to spend in their localities within six months. This initiative aims to boost economic activity and support the local economy during these challenging times.
Analysis:
Thailand's digital wallet scheme is a significant effort to stimulate economic growth and provide financial support to its citizens. By distributing funds directly to individuals, the government hopes to encourage spending and stimulate economic activity at the local level. This initiative could have a positive impact on businesses and communities, as well as help individuals cope with the financial challenges brought about by the ongoing pandemic. It is crucial for eligible individuals to register for the scheme to access these benefits and contribute to the country's economic recovery.