Thai Government prepares for digital wallet registration

Thailand Finance Ministry is set to launch a 10,000-baht digital wallet initiative, with registration opening in August 2024 for 50 million people. Thailand’s government plans to give citizens 10,000 baht electronically to spend at local stores. This aims to boost the economy, but the program targeted Thais over 16 years old, with income below a certain threshold and limited savings.

The funding plan includes 175 billion baht from the 2024 fiscal year budget, 152.7 billion baht from the 2025 fiscal year budget and 172.3 billion baht from the state-run Bank for Agriculture and Agricultural Cooperatives.