Thailand's Digital Wallet Registration Sees 9 Million Shortfall Amid Economic Challenges
Thailand's digital wallet program aimed to distribute 10,000 baht to individuals but saw only 36 million registrations, falling short by 9 million. The registration period has closed, and the government will not extend it despite initial estimates of 50 million eligible participants.
Reasons for Low Registration
Finance Minister Pichai Chunhavajira indicated that the lower registration numbers are attributed to inconvenience and a lack of registration awareness. Furthermore, financial eligibility criteria have constrained participation, requiring an annual income of no more than 840,000 baht.
Current Funding Status
The Finance Ministry reported savings of 100 billion baht, with no anticipated fund shortages. Allocations for 2024 and 2025 are secured, totaling 186 billion baht for the continuation of the program aimed at economic revitalization.
Conclusion on Future Steps
The ministry will review registrations and consider the timeline for future distributions, particularly for individuals who registered but are not part of prioritized groups.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.