Digital Wallet Innovations Amid 10,000-Baht Handout Uncertainties
Digital Wallet Implementation Dilemma
The anticipation surrounding the digital wallet initiative reflects broader economic ambitions but is currently facing hurdles. The 10,000-baht handout is a key element of the Pheu Thai Party's offering, aimed at revitalizing the economy. Funding logistics have given rise to skepticism among critics concerned about the initiative's effectiveness.
Allocation and Eligibility
According to Chalermphol Pensoot, the Budget Bureau’s director, the government intends to prioritize funds for approximately 15 million needy individuals, posing a complex challenge given the high demand and limited resources. Most funds are set to come from a 122 billion baht allocation confirmed in the 2024 fiscal budget, supplemented by an additional 20 billion baht from the central budget.
- Initial plans included the distribution of funds via digital wallets starting in September.
- Delays may force a redrafting of budget allocations, complicating the handout logistics.
- 30 million more individuals may be considered once the new fiscal budget is enacted in October.
Chalermphol also noted the necessity of careful checks to prevent payment duplications. The success of the program hinges on the readiness of the digital wallet system.
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.