BANGKOK (NNT) – The government’s Chim Shop Chai – Eat Pay Spend economic stimulus has, as of yesterday generated 10.667 billion baht cash.
In Yala province, transactions made via the g-Wallet app have risen to 225 million baht so far, making the province 10th highest in spending in this campaign.
Yala Provincial Finance Office has revealed figures from the Chim Shop Chai campaign to promote domestic tourism, that show the total value of transactions made through the g-Wallet application in Yala has reached 225,947,250.45 baht. This total figure can be divided into g-Wallet 1 spending of 190,888,883.95 baht, which is the government granted allowance on eligible purchases, and g-Wallet 2 spending or clients’ own spending of 35,058,366.50 baht.
Mr Charnkrit Dechawitak, an assistant to a Minister attached to the Prime Minister’s Office, said today that follow-ups on this campaign in many areas show that individual businesses and community enterprises have seen at least a 30 percent sales growth resulting from this campaign, even rising to 100 percent in some areas, proving that the cash injection scheme does indeed benefit the grassroots economy, creating funds in circulation and prolonging economic stimulation.
He said that the campaign aims to familiarize the general public with cashless payments, in order to prepare for digital trading, encouraging families to spend time together travelling, and improving wealth distribution to individual businesses and community enterprises. The outcomes from this campaign will be even more obvious in the final two months of this year, as the tourism industry enters its peak season.
Members of the general public who have signed up to the campaign, either in Phase 1 or Phase 2, are encouraged to continue spending using the g-Wallet 2 balance until 31st December this year.
The Comptroller General’s Department Deputy Director General, Wirawan Payanoi said today that 13 million persons signed up to the campaign in Phases 1 and 2. These clients are considered capable of pushing the economy forward through their tourism activities. She has invited all clients to top up their g-Wallet 2 balance after using up the g-Wallet 1 balance given by the government to receive 15% cashback reward from their first 30,000 baht spending, with the cashback capped at 4,500 baht per person, and 20% cashback reward from spending exceeding 30,000 baht to 50,000 baht, with a cap of 4,000 baht cashback per person. These benefits are only available until the end of year.
She said new campaigns will be introduced soon by Krungthai Bank and the Tourism Authority of Thailand with deep discounts for tourism activities in the remainder of this year.
