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Thailand's $17b 'digital wallet' handout to be partly in cash

The Straits Times

|

September 04, 2024

Thailand's Prime Minister Paetongtarn Shinawatra on Sept 3 said part of the government's vaunted 450 billion baht (S$17.2 billion) "digital wallet" handout will be distributed in cash, in another change to its flagship populist policy.

Thailand's $17b 'digital wallet' handout to be partly in cash

Details are still being finalised and will be announced in a policy statement to Parliament, she added.

The digital wallet handout had previously entailed transferring 10,000 baht in credit to 50 million Thais via a smartphone application to spend in their localities within six months.

It was not immediately clear how much of the budget for the programme would be distributed in cash.

A deputy finance minister could not immediately be reached for comment.

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