BANGKOK (Bernama-Xinhua): The Thai government's digital wallet scheme, which is set to spend 500 billion baht (US$13.68 billion - RM65.28 billion) in cash handouts, is seen as a key tool to jumpstart the South-East Asian country's sluggish economy, analysts at state-owned Krungthai Bank said.
Thai Prime Minister Srettha Thavisin said on Wednesday that the ruling Pheu Thai Party's flagship policy will be rolled out in the final quarter of this year. About 50 million Thais are eligible to receive 10,000 baht (around US$275) each via a digital wallet to spend in their neighbourhood within six months, reported Xinhua.
