Thailand's Digital Wallet Program Set to Boost Economy with $13.8 Billion Cash Handouts

Tuesday, 16 July 2024, 00:42

Thailand is launching a controversial $13.8 billion plan to provide digital cash handouts to 50 million citizens. The Digital Wallet program aims to stimulate the economy by offering eligible businesses and individuals 10,000 baht each for local spending. Prime Minister Srettha Thavisin has announced the registration process starting in August to ensure a smooth implementation of the initiative.
Yahoo Finance
Thailand's Digital Wallet Program Set to Boost Economy with $13.8 Billion Cash Handouts

Thailand's Digital Cash Handout Program

Thailand is introducing a $13.8 billion Digital Wallet plan to distribute cash to 50 million citizens.

Key Points:

  • Amount: Eligible recipients will receive 10,000 baht each.
  • Purpose: Stimulate local spending and boost the economy.
  • Registration: Starts in August; overseen by Prime Minister Srettha Thavisin.
  • Implementation: Ensuring smooth execution of the program.

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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