This September, digital wallets killed three birds with one stone, targeting vulnerable groups – people with disabilities first.

Digital wallet 10,000 baht “Thaksin” pointed out that he shot 3 birds with one bullet. To stimulate the economy accurately. In September this year, the country will give priority to the vulnerable group – the disabled, a total of 14.5 million people.

On August 22, 2024, former Prime Minister Thaksin Shinawatra participated in the event Express Your Vision Nation TV’s “Thailand Vision 2024” theme dinner at the Paragon Hall on the fifth floor of Siam Paragon. At one point he talked about the policy of the 10,000 baht top-up project through digital wallets, as far as he knows, as he told me. Because some people oppose it. Because you may not understand what it is yet. But I oppose it first. Some people oppose it and forget that they are part of the Tom Yum Goong crisis. In fact, digital wallets are killing three birds with one shot.

Mr. Thaksin said we need to stimulate the economy. For a long time, our country has been slow to develop. On average, the GDP is lower than everyone else. Because there is not enough money in the system. The Bank of Thailand (BoT) also has a responsibility not to want commercial banks to suffer losses, commercial banks will lose money and suck them up, so commercial banks can. The BoT does not have to lend money, but they should actually leave some money in the commercial system. In order for him to do his part to help small and medium enterprises, to help businessmen. But you have to find the right one. I did not say not to suck. Commercial banks must make some efforts to help the economy.

When you find that you don’t have enough money, the government will stimulate the economy. The reason for using a digital wallet is not the cash house. The digital wallet behind it is a blockchain system. There is control over the use of money. Use it in this area, this district, to buy this type of item. In order to precisely stimulate the economy of the country’s region. The national economy will prosper. This is the need to use a digital wallet.

And digital wallets I want Thai people to learn technology at the grassroots level. It’s not difficult to learn a little more and you will understand. Once learned you must use it further. Next time we will get both digital ID cards and super apps so that people can use all government services. Over time, the government may issue bonds to sell to small citizens through digital wallets. Bonds can be used like cash. If you don’t use it, there is interest. If you use it, it is broken. This is where we hope that digital wallets will bring benefits to the country in addition to stimulating the economy.

Mr Thaksin went on to say that when the 2024 mid-term budget, which must be used by September 2024, was drawn up, the committee told us that it would bring in 122 billion baht plus more than 20 billion baht from the central budget, amounting to about 145 billion baht. Together with 13.5 million vulnerable people and another 1 million disabled people who are not vulnerable, a total of 14.5 million people, at 10,000 baht per person, the initial economic stimulus for September is more than 100 billion baht.

In October 2024, a new budget is released. Nearly 30 million registered people will be screened to see if they meet all the qualifications. Will the same be true for the disadvantaged or disabled? Whatever is left, the budget will be used to distribute to the registered population. But this time it will be a digital wallet system. Because precise economic stimulus is needed

“It’s not accurate to use it as cash. Can it be used as a stimulus, but it’s not accurate, some people use it to pay off debts, I don’t know. Some people spend it on things that don’t lead to economic expansion, but that’s okay, if the system is timely, it can be done with a digital wallet. That’s what we’re going to do.”