thai cabinet approves 3rd phase of co payment scheme cuts number of subscribers - Thai cabinet approves 3rd phase of co-payment scheme, cuts number of subscribers

Photo by Jack TAYLOR / AFP

Thailand’s cabinet approved the rollout of the third phase of the 50:50 co-payment scheme and the “Ying Chai Ying Dai” (The More You Spend, the More You Get) program today (Tuesday), but decided to trim the number of subscribers for the two schemes from 31 million to 28 million and from 1.4 million to 1 million respectively.

Director of the Fiscal Policy Office and spokesperson for the Finance Ministry Kulaya Tantitemit said that subscribers can start spending under the third phase of the co-payment scheme to buy food and drinks from registered eateries or stores via food delivery platforms from October 4th.

So far, Grab and Lineman have joined the scheme. Grab will charge registered stores 20% of gross profit (GP) and give a 25 baht discount on delivery fees for customers who order a minimum of 150 baht worth of food and drinks. Meanwhile, Lineman will charge the stores no more than 20% of GP and subsidise delivery fees for customers by 35-50 baht per delivery, but not more than 2,000 baht for the entire period of the scheme.

Registered eateries and stores that want to use the food delivery platforms can subscribe via the “Tung Ngern” app from September 24th and can choose either of the two service providers.

The Finance Ministry will start wiring the funds under the co-payment scheme, 1,500 baht, into the bank accounts of subscribers for spending until the end of December.

Total spending under the co-payment scheme, up to September 20th, amounted to 66.3 billion baht, while spending under the “Ying Chai Ying Dai” scheme totalled 2.1 billion baht, plus 90.7 million in e-Voucher form.

Back to: Phuket Hotel Deals Property Blog Home Asia News