digital wallet
- Thailand News
Digital wallet phase three targets Thais aged 16 to 20
Deputy Prime Minister and Minister of Finance Pichai Chunhavajira today announced that the third phase of the digital wallet programme will be limited to people aged 16 to 20. Efforts are being made to distribute the funds by the second quarter, with a potential fourth phase under consideration. Today, at 8.50am, March 10, at Government House, Pichai discussed the first…
- Thailand News
Thailand govt eases spending rules for 10000 baht digital wallet
The Thai government plans to relax conditions for spending under the third phase of the 10,000 baht digital wallet programme, ensuring access for those without smartphones. Deputy Finance Minister Julapun Amornvivat confirmed that the funds would be disbursed in the second quarter of this year. The Economic Stimulus Subcommittee has shown readiness and confidence in the blockchain system, with banks…
- Thailand News
Digital wallet scheme’s third phase to start in second quarter
The third phase of the 10,000 baht digital wallet distribution initiative is set to start in the second quarter of the year, according to Finance Minister Pichai Chunhavajira. Pichai, who also serves as the Deputy Prime Minister, mentioned that the system for fund distribution is undergoing testing this month and is expected to be fully operational in time for the…
- Thailand News
Thailand unveils third phase of 10000 baht stimulus project
Deputy Finance Minister Julapun Amornvivat confirmed plans to proceed with the third phase of the 10,000 baht economic stimulus project yesterday, Feburary 7. The initiative, aimed at injecting approximately 150 billion baht into the economy, is expected to start in the second quarter of the year. Discussions took place during a subcommittee meeting on economic stimulation projects, with further meetings…
- Thailand News
Government handout sparks vote-buying concerns before elections
The second phase of the government’s 10,000-baht handout programme, scheduled just days before provincial elections, is likely to be perceived as vote-buying by some, according to People’s Party MP Pakornwut Udompipatskul. Residents in 47 provinces are set to vote on Saturday for Provincial Administrative Organisation presidents and members. On Monday, the government distributed 10,000-baht handouts to the bank accounts of…
- Business News
Three million Thai elderly to receive 10,000 baht cash handout
Approximately three million elderly people are set to receive 10,000 baht (US$293) each as part of the second phase of the government’s cash handout initiative, according to Deputy Finance Minister Paopoom Rojanasakul. Paopoom indicated that a recent review identified 3.04 million elderly people 60 years old and over as eligible for the scheme. However, it is estimated that around 20,000…
- Thailand News
Second phase of 10,000 baht handout for elderly starts January 27
Finance Minister Pichai Chunhavajira announced that the second phase of the government’s 10,000 baht cash handout will start on January 27, two days earlier than initially planned. This phase will target approximately 3.5 to 4 million elderly citizens aged 60 and above, who will receive the funds through the government’s PromptPay app. The economic stimulus programme was originally designed to…
- Thailand News
Elderly cash windfall: Thai govt handouts confirmed by January 29
The Thai government has officially confirmed that elderly citizens will receive their long-awaited 10,000 baht stimulus payments before January 29. Deputy Finance Minister Julapun Amornvivat, spilled the beans during a press conference at the Ministry of Finance today, January 7. “We assure you, the 10,000-baht payments will hit accounts before the deadline. The exact transfer date hinges on a final…
- Thailand News
Southern Thai man finally receives 10,000 baht government aid
A man from southern Thailand was overjoyed when the Bank for Agriculture and Agricultural Cooperatives (BAAC) branch in Loei province finally tracked him down to ensure he received the government aid of 10,000 baht. The initiative was part of a final effort by the bank to help vulnerable groups secure their due benefits before the deadline. BAAC in Loei took…
- Business News
Thailand throws ‘baht’ at impact study of 10,000-baht handouts
In a bid to decipher the ripple effects of Thailand’s 10,000-baht cash handout scheme, the Finance Ministry launched an exhaustive survey. This deep dive, spanning 40,000 participants, aims to unravel the true impact of this financial initiative on the economy and society as a whole. Finance Permanent Secretary Lavaron Sangsnit promises findings by the month’s end. “This survey uses a…
- Thailand News
PM Paetongtarn to outline key policies in public address tomorrow
Prime Minister Paetongtarn Shinawatra is set to deliver a significant public address tomorrow, December 10, where she will highlight her Cabinet’s accomplishments over the past three months and underscore the importance of the government’s key policies for the upcoming year. The address, titled 2025 Empowering Thais: A Real Possibility, will commence at 10am and will be broadcast live on NBT2HD,…
- Thailand News
Thai government delays 10,000-baht handout amid election concerns
The Thai government is gearing up for the second phase of its 10,000-baht cash handout, anticipated to be rolled out by the end of February, as confirmed by government spokesman Jirayu Houngsub. This initiative aims to provide financial support to the elderly, with the proposal already submitted to the Cabinet. However, a few concerns have led to a week’s delay…
- Thailand News
Thailand’s cash handout scheme faces scrutiny before elections
The second phase of Thailand’s 10,000-baht cash handout scheme is under scrutiny for potentially breaching legal boundaries, as the government plans to distribute the funds to four million elderly citizens during the Chinese New Year, just days before the Provincial Administrative Organisation (PAO) elections. This timing has sparked concerns about its potential influence on the upcoming election outcomes. Somchai Srisutthiyakorn,…
- Thailand News
Thailand’s 10,000 baht handout: Cashing in to support elderly
The Government of Thailand is moving forward with its plans to distribute financial aid worth 10,000 baht, both in cash and digital form, to specific groups in need. This initiative, led by the Ministry of Finance in collaboration with the Comptroller General’s Department, aims to support elderly citizens aged 60 and above as well as those who have registered through…
- Thailand News
Cash-ing in on digital: Thailand handout boosts seniors with 10,000 baht
The Government of Thailand announced the second phase of its digital cash handout, offering 10,000 baht (US$290) to over 4 million citizens aged 60 and above. This initiative, approved by the economic stimulus policy committee, aims to support vulnerable elderly individuals by leveraging a budget of 40 billion baht (US$1.16 billion). The decision follows a meeting chaired by Paetongtarn Shinawatra,…
- Economy News
Finance Ministry cashes in with economic stimulus package
The Finance Ministry is preparing to unveil an extensive economic stimulus package for review by a committee led by Prime Minister Paetongtarn Shinawatra. The announcement was made by Deputy Finance Minister Julapun Amornvivat, who indicated that the proposal includes a 10,000-baht (US$290) cash handout distributed via a digital wallet. This initiative is aimed at stimulating economic activity to bolster growth…
- Thailand News
Thousands miss 10,000 baht digital payout due to outdated IDs
The Ministry of Finance, through the Comptroller General’s Department, has initiated the disbursement of 10,000 baht digital money payout to targeted groups under the 2024 economic stimulus programme. This effort includes those with state welfare cards and persons with disabilities. The payout, which took place on September 25, 26, 27, and 30, reached a significant number of beneficiaries. According to…
- Thailand News
State banks to register 10,000-baht handout for non-smartphone users in November
The government will soon allow individuals without smartphones to register for the 10,000-baht handout scheme at state banks, Deputy Finance Minister Julapun Amornvivat announced. Julapun noted yesterday, October 19, that the initial phase of the cash handout scheme, targeting 14.5 million vulnerable people, has effectively boosted economic activity and money circulation nationwide. For those in vulnerable groups lacking smartphones, registration…
- Business News
Cash ‘n’ climb: Thailand GDP rises but 2026 could be a steep drop
Thailand’s GDP forecast has been upgraded for this year and next to 2.8% and 3%, respectively, due to the government’s cash handout boosting the economy. However, analysts warn of an economic cliff in 2026 if no new growth engines are introduced. Kiatnakin Phatra Research (KKP) and BofA Global Research have both raised their Thai GDP outlooks for 2024 from 2.6%…
- Thailand News
Bank policy leaves elderly Buriram couple without government aid
A resident of Ban Silachai in Buriram province sought assistance after finding himself unable to withdraw money using his wife’s ATM card. The resident, 61 year old Tuk Sae Ho’s wife Jamlong, also 61, has been bedridden for over a year and unable to care for herself. When Tuk attempted to withdraw funds from the bank, he discovered that the…
- Business News
Thailand unveils 145 billion baht cash handout to boost economy
Deputy Finance Minister Paopoom Rojanasakul unveiled a whopping 145 billion baht ((US$4.4 billion) cash handout scheme that promises to rev up the economy before the year’s end. This mega injection is set to turbocharge the nation’s GDP by a tidy 0.3 percentage points. And it’s not just a flash in the pan, the economic boost is expected to keep rolling…
- Thailand News
Phimai police boost bank security for 10,000 baht withdrawals
Police in Nakhon Ratchasima have increased security measures at local banks, fearing that loan sharks might target citizens withdrawing their 10,000 baht digital money. Officers from Phimai Police Station’s crime prevention unit were deployed to the Phimai branch of the Bank for Agriculture and Agricultural Cooperatives (BAAC) on September 30, to safeguard the public waiting to withdraw funds from the…
- Thailand News
Khon Kaen resident loses 16,800 baht to phone scam
A resident of Khon Kaen lost 10,000 baht from her government assistance money to a phone scam, which also took an additional 6,800 baht from her health volunteer allowance. Visarut Pupeng, an advisor to the Deputy Minister of Education, assisted Buathong, a 63 year old resident of Chum Phae district, Khon Kaen province, in filing a police report with Police…
- Thailand News
Thai man assaults wife over digital wallet failure in Udon Thani
A Thai man in the Isaan province of Udon Thani physically assaulted his wife yesterday out of frustration after failing to receive 10,000 baht from the digital wallet scheme. The wife sustained a bloody wound to her head. Officers from Mueang Udon Thani Police Station, and rescuers from the Song Serm Dhamma Satarn Foundation, yesterday, September 30, rushed to a…
- Thailand News
Elderly man loses 10,000 baht from Thai govt handout
An elderly man who recently withdrew 10,000 baht in cash from the Thai government’s handout initiative found his wallet missing, prompting a heartfelt community response. A woman’s Facebook post detailed the incident and led to numerous offers of assistance from across the country. The government recently issued 10,000 baht to vulnerable groups, distributed based on the last digits of their…
- Thailand News
Reel deal: Thai man is squids in with government digital wallet
Among the many recipients of the government’s digital wallet handout is a 66 year old Thai man who transformed his share into a thriving small business selling grilled squid. State welfare cardholder Suwit Inrat, also known as Uncle Ood, received the handout money via his Krungthai Bank account around 2am today, September 27, prompting Suwit to spring into action. With…
- Phuket News
Gypsy cash dash: Phuket locals swarm ATMs for 10k baht handout
Hundreds of sea gypsies in Phuket flocked to ATMs at Laem Tukkae, Koh Sirey, Ratsada subdistrict on Wednesday, September 25, as part of the Thai government’s 10,000 baht handout scheme for vulnerable citizens. The scheme, aimed at state welfare cardholders and disabled individuals, is part of a broader economic stimulus programme. A national report noted that the sea gypsies, still…
- Thailand News
Recipients can use 10,000-baht handout to clear debts: Deputy PM
Recipients of the 10,000-baht handout are free to use the money as they see fit, including paying off debts, according to Deputy Prime Minister Phumtham Wechayachai. Phumtham addressed reports that many eligible individuals in the first phase of the scheme, which began yesterday, September 26, plan to use the funds to clear their debts. “They can use the money [to…
- Thailand News
Thailand starts 10,000-baht handout to 3 million needy individuals
Three million needy and disabled individuals in Thailand will receive the 10,000-baht handout under the government’s digital wallet programme today, announced Deputy Finance Minister Julapun Amornvivat. This initial rollout is part of a larger initiative aimed at aiding 14.5 million recipients in total. Due to limitations with the PromptPay payment system, only 3 million recipients can be processed initially. These funds…
- Thailand News
Thailand to give digital money to vulnerable groups via PromptPay
Thailand announced a significant economic stimulus package targeting vulnerable groups, including those with disabilities and state welfare cardholders. Starting Wednesday, September 25, the government will distribute 10,000 baht per person through the PromptPay system. The initiative, approved by the Cabinet for the 2024 economic stimulus plan, aims to support 14.55 million recipients. The distribution will be managed by the Comptroller…
