The Thai government has launched the Digital Wallet initiative, allocating 150 billion THB to drive economic growth and promote a digital economy. This phase targets 2.7 million individuals aged 16-20, focusing on digital transactions with strict spending controls. To ensure system integrity, a subcommittee has been formed to mitigate technical errors. Registration for citizens without smartphones will be conducted through four state-owned banks, Thailand Post, and local administrative offices, with verification via NBTC.
Spending remains restricted, but funds may now be used for tuition fees, utilities, and essential goods. Unlike previous programs, merchant participation has been simplified, allowing all businesses to redeem funds, except those exclusively selling gold or alcohol. The initiative aims to strengthen purchasing power, address cost-of-living challenges, and lay the foundation for digital financial inclusion.
The government confirms that individuals aged 20-59 will still receive 10,000 THB, with disbursement expected in the next fiscal quarter. Further economic stimulus programs are under consideration, integrating 46 ongoing projects into state-driven economic strategies. The administration reaffirms its commitment to efficient fund utilization and ensuring financial support reaches all eligible citizens.
The recent approval of Thailand’s 10,000 Baht Digital Wallet Phase 3_Bangkok Global Law