Shopee, Lazada express interest
E-markets and an online food delivery platform are keen to participate in the proposed digital wallet scheme, aiming to create an “economic impact”.
Deputy Finance Minister Julapun Amornvivat said e-market operators such as Shopee and Lazada have expressed interest in participating in the government’s digital wallet scheme.
He said that the ministry will delve into the details.
According to the current terms listed for the scheme, the digital wallet cannot be used to purchase items on online platforms, only for face-to-face purchases.
Digital wallet purchases are also limited to the region of registered residence of flyer recipients.
Prime Minister Srettha Thavisin appointed the Ministry of Commerce to determine whether digital wallet funds can be used to purchase imported products such as mobile phones.
Yod Chinsupakul, chief executive of Line Man Wongnai, said the company had discussions with Mr. Julapun, indicating that the company is eager to participate in the digital wallet scheme.
Line Man Wongnai has technology to prevent fraud, while drivers can be a middleman delivering real food, with connected restaurants nationwide that will support the local economy, said Mr. Iodine.
If the company is allowed to join the scheme, it will recruit tens of thousands of drivers to support the mission, he said.
Mr Yod said earlier that the company participated in the previous government’s co-payment scheme, which stimulated sales transactions for local retailers.
Pawoot Pongvitayapanu, honorary president of the E-Commerce Association of Thailand, said allowing Lazada and Shopee to participate in the scheme will make it more convenient for consumers to use the money.
However, the scheme will have to focus on qualified small sellers of Thai products on these e-markets, he said.
E-markets should also lower commission fees to help these small sellers, Mr. Pawoot.
The sites should ensure that digital wallet participants buy products online from sellers who live in their communities, he said.
“This will reduce the opportunity for Chinese resellers to take advantage of this scheme,” Mr Pawoot said.
He earlier recommended that the government consider incentivizing potential traders in the digital wallet scheme to use e-tax invoicing and related digital solutions to help local startups.
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