PM is doubled in digital wallet

Supporters of the digital wallet plan showed up at the Pheu Thai party headquarters on October 17. (Photo: Somchai Poomlard)

Prime Minister Serta Thavisin insisted on Saturday that the government would not back down from its digital currency, saying details would be revealed on Friday.

Addressing the progress of the plan, Mr. Serta said that the details of the project, including how it will be financed, will be announced at a special press conference.

“A time frame and criteria will be defined. The digital wallet plan is important. Everyone agrees that stimulating the economy is necessary. But we have to discuss how much the economy should be stimulated.

“As I always say, I’m willing to listen to suggestions,” said Mr. Serta, who also serves as finance minister.

Asked if the government should follow the plan closely because it cannot back down, Mr. Serta said: “I don’t think I will take a step back. I have to do my best and comply with it. “Act with it. With the law for the benefit of the people.”

He also assured that the Pao Tang mobile app, an open platform digital wallet operated by Krungthai Bank, will be used to distribute payments.

He responded to the recommendation of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) that the use of this application for the digital wallet scheme would save money and time.

In addition, the government can use the program to expand social welfare programs and other government schemes, JSCCIB said.

When asked if the government under the leadership of Phyu Thailand is betting on this policy, the Prime Minister said that all its policies are equally important. He added: Let the people decide for themselves.

Pichai Chunhavajira, adviser to the prime minister, has previously said that the digital wallet is necessary to stimulate the economy but it is unlikely to be implemented in February as planned.

He said that the plan, which is expected to be financed from the annual budget, will be delayed by seven months and is scheduled for September.

Mr. Pichai said that the scope will be adjusted to address the concerns of many sectors and thus the number of eligible people is estimated at around 40 million.

He said the 4km radius limit where digital money can be spent is also likely to be revised to cover the entire region to ensure that money is distributed equally.

The government has set up a committee to oversee the administration of the handout, which will also consider possible changes such as reducing the number of people eligible to receive the digital money, which will initially be offered to everyone aged 16 and over, regardless of their financial situation. .

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