Thailand's Digital Wallet Initiative: Boosting the Economy with $13.8 Billion Handouts

Monday, 15 July 2024, 12:39

Thailand is rolling out a controversial $13.8 billion digital money handout plan to stimulate the economy. Eligible businesses and individuals can register starting August for the 'Digital Wallet' program, which aims to provide 10,000 baht to 50 million citizens to spur spending at local businesses. Prime Minister Srettha Thavisin has announced the program's launch on August 1, emphasizing a smooth implementation process.
Yahoo Finance
Thailand's Digital Wallet Initiative: Boosting the Economy with $13.8 Billion Handouts

Thailand's $13.8 Billion Stimulus Plan

Thailand is introducing a digital money handout initiative to energize the economy.

Key Points:

  • Amount: $13.8 billion allocated for handouts
  • Eligibility: Businesses and individuals can register from August
  • Objective: Boost local business spending

The controversial 'Digital Wallet' program aims to provide each of the 50 million citizens with 10,000 baht in digital money, as announced by Prime Minister Srettha Thavisin.


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.


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