The labor ministry on Monday proposed reforms that would create a system within the current fiscal year to allow companies to pay salaries in digital money, a further step in government efforts to introduce digital payrolls and promote a cashless society.
The government has been working out the reforms involving revisions to the ministry ordinance amid safety concerns and opposition over digital wage payouts from the banking industry.
The planned digital payment is being pushed by the government to help people avoid touching cash amid the coronavirus pandemic. It could also make it easier for foreign blue-collar workers, who often struggle to open bank accounts in the country, to receive salaries without having to do so.