BoT, BoT spokesperson reveals 4 concerns about digital wallets. 'Source of funds - Target group - Financial stability - Payment system' Miss Chayawadee Chaianan, Assistant Governor Corporate relations line And a spokesperson for the Bank of Thailand (BOT) mentioned the meeting of the policy committee for the 10,000 baht top-up project via digital wallet today (April 10) with Mr. Settha Thavisin, Prime Minister and The Finance Minister chaired the meeting. By announcing the progress regarding the source of funds, he said that the BoT had previously sent its concerns at the meeting on March 17, 2024. Today, the Prime Minister made a statement about the source. The source of the money is said to come from 3 parts: the fiscal year 2025 expenditure budget, the Bank for Agriculture and Cooperatives (BAAC), and the fiscal year 2024 money. However, the BoT is still concerned about 4 issues: 1) the source of the money It is still something to worry about. It is considered that there must be a discussion in the next phase to meet the criteria and conditions. Currency Act Section 28 that should have passed the correct and complete criteria process. 2) Target group I think it should be a specific group. In order to stimulate the economy in a worthwhile manner 3) Financial stability If spending increases Public debt will increase. There should be guidelines for prevention and correction of what to do. And 4) the new payment system is an open loop and complex system. It is necessary to take into account the stability of the system. Because it must be connected to every bank. We still have to wait and see for clarity. Importantly, it must be safe. To protect against various cyber threats Source: Thai News Agency