Digital wallet scheme to include smartphones purchases

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The Ministry of Finance confirmed that the distribution of a 10,000 baht digital wallet can be used to purchase smartphones, which are seen as essential livelihood tools by the minister.

Deputy Minister of Finance Chulpan Amornwiwat provided an update on the progress of the 10,000 baht top-up project through digital wallets. He announced that an operational subcommittee meeting is scheduled for early next week to monitor the progress of each assigned task.

The project remains on its original timeline, with registration for the public and merchants opening in the third quarter of 2024, and funds reaching the people in the fourth quarter of 2024. Chulpan remains optimistic about the project.

“Currently, the processes are quite stable, and everything is progressing as planned. The project schedule has specific steps and technical procedures to follow. The structure of the measure is fixed with no changes.

We are confident that we have expedited many aspects. Now, we need to tighten and parallelise processes where possible to speed things up. However, it looks like it will be completed by the end of the year as planned.”

Chulpan also addressed the public’s interest in non-participating products, known as the Negative List. A clear conclusion has been reached, and it is unlikely to change.

Notably, smartphones have been approved for inclusion in the project. The relevant departments have thoroughly considered the matter, recognising smartphones as essential tools for work and everyday life, and justifying their inclusion.

Regarding the proposal to the Office of the Council of State about using 172 billion baht from the Bank for Agriculture and Agricultural Cooperatives (BAAC) for the digital wallet project, no steps have been taken yet.

Chulpan assured that everything will proceed according to the necessary procedures when the time is right, emphasising that there is still ample time.

The 2024 budget includes 152.7 billion baht allocated for the digital wallet, aimed at stimulating the economy. The latest details confirm that the criteria for deposits and age requirements remain unchanged, reported KhaoSod.

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Ryan Turner

Ryan is a journalism student from Mahidol University with a passion for history, writing and delivering news content with a rich storytelling narrative.

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