By THE NATION
“At least 80,000 shops should have registered by the time the registration closes,” she added.
According to Suttirat, customers who have registered will be granted Bt1,000 through the “Pao Tang” application, which they can spend at participating shops before November 30. This amount is called “G-Wallet 1”.
“Customers who top up their Pao Tang account to spend at said shops will receive a 15-per-cent cashback on their total expenditure [limited to a maximum of Bt4,500 per person],” she said. “This cashback will be transferred to ‘G-Wallet 2’ and there is no deadline for spending. Shop owners, meanwhile, can receive both kinds of money via an application called ‘Tung Ngern’.
“Every day at midnight, Krungthai Bank will calculate all the money spent via G-Wallet 1 and transfer the sum to shop owners’ account between 5pm and 9pm on the next business day,” she said. “As for the weekend, the transfers will be made on the Monday and will include sales of both Saturdays and Sundays.
“Spending via G-Wallet 2 will be calculated at 11.30pm daily and the amount will be transferred to shop owners’ account between midnight and 5am of the following day,” Suttirat added. “The daily sales of shops can be tracked through the Tung Ngern application, and shop owners can rest assured they will get the money they have earned through this scheme.
“However, if the CGD finds any suspicious behaviour, such as misuse of funds or the violation of any conditions, then the transfer will be stopped until the matter is clarified,” the director-general added.