Thailand to Launch $13.8 Billion Digital Wallet Scheme

The initiative aims to stimulate the economy by distributing funds to 50 million citizens starting in the fourth quarter.

Eligible recipients can register starting August 1 to receive 10,000 baht each.
The program will be funded through the 2024 and 2025 fiscal budgets.
Economists criticize the plan as fiscally irresponsible and question its long-term impact.
The government has revised the funding strategy multiple times due to legal and financial concerns.
Certain goods and services will be excluded from the program, with details to be announced.