Digital wallet criteria for vendors unclearMr Ouychai is optimistic that the 10,000-baht digital wallet handout scheme will stimulate the economy at the end of this year. The digital wallet handout scheme will boost the economy, but the eligibility criteria for vendors remain unclear, according to Loxley Trading Co Ltd, the consumer goods distribution arm of trading conglomerate Loxley Plc. Referring to the 10,000-baht digital wallet handout scheme, Mr Ouychai said the scheme would stimulate the economy at the end of this year. However, the eligibility criteria for vendors remain unclear. "Currently, there is no guidance for vendors to deal with the digital money that they will receive from buyers, such as whether they can immediately cash in the digital money at commercial and/or state banks or whether the digital money can be used to purchase goods from wholesalers," Mr Ouychai said.

Source: Bangkok Post July 16, 2024 12:34 UTC