Thai PM Admits the Delay of a $14.3 Billion Digital Wallet Scheme

On Friday, Thai Prime Minister Srettha Thavisin affirmed to the press regarding the push for a $14.3 billion ‘digital wallet’ scheme, while admitting that it may encounter some delays.

The program will operate by transferring THB 10,000 (around $285) to 50 million Thais through a mobile app to spend in their local areas, amid concerns among experts as to how the government will fund the project.

The scheme was promoted as a policy to stimulate the slow economy of Thailand, while it did not originally specify a launch date and was then mentioned to be delayed beyond May.

Prime Minister Srettha Thavisin claimed that the government had collected enough data to prove that the implementation of this project was possible. However, as of now, he is awaiting more information regarding the legitimacy of the scheme from the Office of the National Anti-Corruption Commission.