LADT and NewPay open new chapter in Laos’ digital economy
“Also present were the Ambassadors of Myanmar, Malaysia, the Philippines and Thailand, together with more than 400 experts, business leaders and media representatives from the payments and Web3 industries, underscoring the high level of attention given to Laos’ digital transformation journey.”
“The Founder and Chief Executive Officer of LADT [Laos National Digital Technology Group], Mr Richard Ma, described the launch as a new stage in Laos’ digital finance journey. He said that with its strategic location in the Indochina Peninsula, Laos could become the ‘Switzerland of ASEAN’, a hub for digital finance, logistics and innovation.”
“Mr Ma noted that NewPay has already integrated with Alipay, WeChat Pay, and the global Alipay+ ecosystem, supporting cross-border payments and laying the foundation for blockchain-based financial applications. He added that LADT will continue developing the Lao National Blockchain and the ASEAN stablecoin project, guided by the principle ‘Laos born, ASEAN driven, global impact’.”
“Founded in 2018 and headquartered in Dubai, OOKC Group specialises in digital capital market infrastructure and Web3 development. The Founder of the OOKC Group, Mr Xiaojun Lau, and the Chief Executive Officer of LADT, Mr Richard Ma, signed a Memorandum of Understanding to deepen collaboration on Web3 and digital asset infrastructure, combining OOKC’s Middle Eastern resources with LADT’s ASEAN presence. The partnership aims to introduce the Lao model to ASEAN and Middle Eastern markets, accelerating digital economy initiatives in emerging regions.”
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