Thailand’s Digital Wallet Scheme Delayed Amid Funding Uncertainty!

The post Thailand’s Digital Wallet Scheme Delayed Amid Funding Uncertainty! appeared first on Coinpedia Fintech News
Thailand’s planned digital wallet scheme, which aimed to distribute 10,000 baht ($274) to eligible citizens over 16 years old, has been delayed. The February 2024 launch, previously projected to stimulate economic growth by 5%, has been postponed to buy more time for system development, with the Thai government insisting that its launch will still take place in Q1 2024. The sub-committee overseeing the scheme is currently deliberating over funding sources for the estimated $15 billion project. Former Thai Senator Rosana Tositrakul has questioned its legality and requested an election commission probe into the proposal.
 

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