Yes, 10,000 baht digital handout can be used to buy smartphones


BANGKOK: The Finance ministry has decided to add smartphones to the list of eligible products as it has become one of the staples of life, says deputy finance minister

The Finance Ministry responded to questions about the government’s digital wallet scheme, saying the 10,000-baht handout can be used to buy several products, including a smartphone.

“Smartphones are a necessity for earning a living nowadays. In fact, one can say it has become the fifth requisite [after food, clothing, shelter and medicines],” Deputy Finance Minister Julapun Amornvivat said on Friday (June 14).

“After thorough consideration from all dimensions, the ministry decided not to leave smartphones out of the list of products that can be bought with the digital money,” he said.

So far, the list of things that cannot be bought with the digital handout includes fuel, services, online products and “sin” products like tobacco, booze, etc.

The handout will be given to registered Thai citizens aged 16 and above who earn no more than 840,000 baht per year and have no more than 500,000 baht in their bank accounts.

The recipients can use this digital money at specific stores within their home districts, while these stores can use the money earned to buy goods from other stores in any location.

Julapun said recipients and stores can start registering for the scheme by the third quarter and the one-time handout will kick off in the fourth quarter as scheduled.

In April, the deputy finance minister said the funds would be distributed via a “super app” created by the Digital Economy and Society Ministry, which all banks can use in an open-loop model. He insisted that the entire process would be transparent.

The campaign will cost about 500 billion baht but is expected to bump up the country’s GDP by 1.2-1.6% through a surge in domestic spending. - The Nation/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Thailand , digital , wallet , money , hand-out , smartphones

   

Next In Aseanplus News

Asean news headlines as at 10pm on Wednesday (July 24)
Narcotics agency warns Bali could become top target for transnational drug kingpins
‘Troika mechanism ongoing in support to resolve problems in Myanmar: Mat Hasan
Not prepared’: Filipinos recall deadly 2009 typhoon as floods paralyse Manila
Myanmar junta official ‘hopeful’ for Myanmar to regain normal status in Asean
Komodo dragons have teeth coated in iron to kill prey: study
13 months’ jail for CEO who assaulted elderly man, causing fractures
Angkor set to hum with supercars as Gumball races across kingdom
No sale of passports will be allowed in Thailand, promises Anutin
MetMalaysia issues Level 1 hot weather alert for four areas

Others Also Read