digital wallet
- 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
10,000 baht digital wallet theft behind fatal shooting in Nong Bua Lamphu
The theft of a 10,000-baht financial handout under the digital wallet scheme is reportedly the motive behind a fatal shooting in the Isaan province of Nong Bua Lamphu today. The Naresuan Rescue Association reported this morning that a mass shooting occurred in the Si Bun Rueang district. Three people lost their lives in the incident, while the gunman, 58 year…
- 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
Thai government urges swift updates for digital wallet distribution
The Thai government confirms that the second phase of the 10,000 baht digital wallet distribution will reach all registered citizens, urging vulnerable groups to rectify any issues promptly to avoid forfeiting their rights. Today, October 26, Jirayu Huangsap, spokesperson for the Prime Minister’s Office, discussed the progress of the 10,000 baht economic stimulus transfer in an interview broadcast on the…
- 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 cash handout to boost Q4 GDP growth despite challenges
The Thai government’s initial cash handout is anticipated to boost the national economy in the upcoming months, according to industrial leaders and brokerages. They recommend that the second phase of the handout target individuals with higher purchasing power to prolong economic stimulation. In the first phase, the government distributed 10,000 baht in cash to each of the 14.5 million welfare…
- 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
Anti-drunk driving group urges no alcohol spending of 10,000-baht handout
Anti-drunk driving campaigners have called on recipients of the government’s 10,000-baht cash handout to avoid spending the money on alcohol to prevent accidents. Phattarabhandhu Krissana, chairman of the Network of Victims Against Drunk Driving, emphasised that the funds should be used for necessities or investments instead of alcoholic beverages, which could lead to accidents and disabilities. The Network of Victims…
- 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 digital wallet handout falls short: Woman gets only 4,000
A Thai woman attempting to withdraw 10,000 baht for her father, as part of the Thai government’s digital wallet handout for vulnerable groups and people with disabilities, received only 4,000 baht, sparking suspicions of debt deductions by the bank. In Uthai Thani province, the government commenced disbursing 10,000 baht to vulnerable groups and those with disabilities. From early morning, recipients…
- 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…
- Thailand News
Digital wallet scheme falls short of 45 million target, saves 100 billion baht
Online registrations for the government’s digital wallet handout scheme have recently closed, with only 36 million people signing up, falling short of the 45 million target. The Finance Ministry reported that this shortfall has resulted in a saving of 100 billion baht (US$3 billion) from the project’s budget. When asked whether the lower registration numbers indicated a lack of public…
- Thailand News
Less than 40 million Thais expected to join digital wallet scheme
The Government of Thailand anticipates fewer than 40 million participants in its flagship digital wallet handout scheme, with the initial phase set to benefit 14.5 million vulnerable individuals starting yesterday, according to a Finance Ministry official. Under this stimulus programme, the government plans to distribute 450 billion baht to 45 million people, with each registered participant receiving 10,000 baht to…
- Thailand News
Digital wallet delay: No green light before year-end
The highly anticipated second phase of Thailand’s digital wallet initiative is on ice, with Deputy Prime Minister and Finance Minister Pichai Chunhavajira revealing that it’s unlikely to roll out before the end of the year. In a brief meeting with the press today, Pichai highlighted the need for a cautious approach, stressing that factors like timing and continuity must be…
- Thailand News
Thailand to speed up 145 billion baht digital wallet handout
Thailand will advance the distribution of 145 billion baht from its digital wallet handout programme to support vulnerable groups, announced by the deputy finance minister yesterday. The decision aims to provide immediate economic stimulus in the short term. During a budget debate in the senate, Julapun Amornvivat revealed that the government has allocated 450 billion baht for this flagship handout…
- Thailand News
Thailand government includes cash options in 10,000-baht handout
The Thailand government’s 10,000-baht handout programme is set for adjustments, with Deputy Finance Minister Julapun Amornvivat acknowledging the need to include cash distributions for some recipients instead of digital money. Numerous petitions against the government’s flagship policy contributed to this decision, Julapun said yesterday. Additionally, feedback from various sectors has prompted changes to improve the programme’s effectiveness. Initially, the policy…
- Thailand News
Thailand to launch digital money handout in two weeks
The coalition government is set to initiate its policy implementation, including the digital money handout scheme, in two weeks, according to caretaker Deputy Prime Minister Phumtham Wechayachai. However, Phumtham did not specify when the revised Cabinet line-up will be submitted for royal endorsement. He indicated that nominations from all coalition parties had been reviewed by state organisations and forwarded to…
- Business News
Thai central bank may cut rates if digital wallet delayed
The Bank of Thailand might be compelled to reduce the policy rate earlier than anticipated if the new government opts to postpone the digital wallet policy slated for the fourth quarter. Analysts warn this delay could significantly impact the Thai economy. Despite the central bank’s Monetary Policy Committee (MPC) maintaining the rate at 2.5% last week, BofA Securities highlighted that…
- Politics News
Digital wallet scheme to offer cash option for vulnerable groups
The digital wallet policy conundrum, promoted by the Pheu Thai Party, has taken a new turn, with vulnerable residents potentially receiving 10,000 baht in cash rather than digital currency. Following the leadership change, rumours about the possible cancellation of the digital wallet scheme raised concern among those eagerly anticipating the funds. Many were worried that the new Prime Minister Paetongtarn…
- Thailand News
Digital wallet scheme may switch to cash to boost economy
The Budget Bureau chief confirmed that funds from the digital wallet scheme could be distributed as cash, provided the original goal to stimulate the economy is maintained. Chalermphol Pensoot stated that the distribution of 10,000 baht through the digital wallet scheme could continue, depending on the new government’s policies. “Distributing cash instead of digital money is not an issue, as…
