(CTN News) – On July 24, the Finance Ministry announced the specifics of a digital wallet plan, which led to a 10-fold surge in daily registrations on the government app.
Registrations for the government’s Thang Raj app have skyrocketed since the digital wallet plan was announced last week, according to government spokeswoman Chai Wacharonke on Monday.
Chai stated that since the government announced specifics about the digital wallet system on July 24, the app has seen a considerable increase in downloads and registrations.
The spike comes after Finance Minister Pichai Chunhavajira and his deputies disclosed that citizens have till September 15 to register for the 10,000-baht distribution scheme using the app.
Since the announcement, the Thang Raj app has been downloaded, installed, and registered between 800,000 and 900,000 times per day, up from 50,000-60,000 times per day before to July 24. Prime Minister Srettha Thavisin has been notified of the growing use of the Thang Raj app, Chai said.
For more information, the public can call the Digital Wallet helpline at 1111 around the clock.
ORIGINAL STORY: Thailand’s New 10,000 Baht Digital Wallet Scheme Aims to Boost Economic Growth and Consumer Spending
The Thailand government hopes that a delayed cash distribution to adult residents will boost economic activity and address Southeast Asia’s highest household debt levels.
Finance Minister Pichai Chunhavajira stated at a press conference on Wednesday that distributing 10,000 baht to all Thais 16 and older who meet a particular income criterion in the fourth quarter will increase purchasing power, revitalize manufacturing, and promote overall economic confidence.
Beneficiaries can sign up for the so-called digital wallet between August 1 and September 15 using the Tang Rath app, which is already widely used to access dozens of government services. Those without cellphones can register from September 16 to October 15 with their ID cards.
Officials have stated that no messages or calls will be sent to encourage people to register for the scheme, citing reports of active scammers.
Consumers can spend the money at more than 2 million retail outlets, convenience stores, and mom-and-pop shops under the system, which is geared at assisting both consumers and small companies, albeit tight restrictions include a ban on purchasing alcohol or cannabis, among other things.
The handouts, which are the centerpiece of Prime Minister Srettha Thavisin’s efforts to restore growth and the ruling coalition’s prospects, were originally scheduled for early 2024 but were postponed due to disagreements over how the government would fund the stimulus.
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