Digital Wallet Innovations Amid 10,000-Baht Handout Uncertainties

Tuesday, 27 August 2024, 08:17

Digital wallet implementation faces potential delays regarding the 10,000-baht handout policy proposed by the Budget Bureau. Chalermphol Pensoot, the bureau's director, emphasizes that further clarifications will be necessary as a new cabinet assembles, highlighting financial hurdles that must be addressed. With an emphasis on ensuring funds reach those truly in need, the digital wallet could be pivotal for 50 million citizens awaiting economic support.
Bangkokpost
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.


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