Vietnam-Laos QR payments launched to boost trade and tourism
“Seven Vietnamese banks – Vietinbank, BIDV, Vietcombank, Sacombank, TPBank, BVBank, and Nam A Bank – are offering the service. Customers using these banks’ mobile banking apps can scan Lao QR codes at participating merchants to make payments. The service integrates with LAPNet’s network of 14 banks in Laos, ensuring widespread adoption.”
“NAPAS, under the guidance of the SBV, has previously implemented similar cross-border payment systems with Thailand and Cambodia. Plans are underway to extend the service to other key markets, including China, South Korea, and Japan, further advancing Vietnam’s financial integration within Asia. The expansion aims to establish a cohesive digital payment ecosystem across the region, simplifying transactions for travellers and businesses alike…”
Read the full article on The Paypers.