Thailand’s digital wallet handout scheme worth $14.3 billion may be delayed, announced Thai prime minister Srettha Thavisin.
The scheme has been promoted as a stimulus measure to revive the sluggish economy and Srettha had not specified its launch date.
It was initially slated to take off in February, reported Reuters.
This scheme enables the government to transfer 10,000 baht each to 50 million Thais via a mobile app so that they can spend it locally.
It would managed through cascaded borrowing.
Srettha said that his government has the data that proves the worthiness of this project.