By THE NATION
“In phase 3, the scheme will not give away cash of Bt1,000 as in the first two phases,” he said. “Instead, we will stimulate e-money spending in the 2nd wallet via the Pao Tang app that users have to top up themselves and spend to receive cash-back rewards. For a spending of less than Bt30,000, users will be eligible to receive 15 per cent cash back, while the portion exceeding Bt30,000 will be rewarded with 20 per cent cash back.”
It is expected that phase 3 will have around 2 million participants, he added.
“The Finance Ministry and Krungthai Bank will seek partnerships with more retailers and hotels to register for phase 3 of the scheme to further stimulate 2nd wallet spending, which now stands at Bt700 million, while 1st wallet spending [which has giveaway cash of Bt1,000] stands at Bt13 billion,” Uttama said.