Laos, Vietnam ink MOU for cross-border QR code payment linkage

The MOU will facilitate the use of local currencies in retail payments in the two countries.

Laos and Vietnam have inked a memorandum of agreement to initiate cross-border QR code payment linkage between the two countries.

The MOU, inked during the annual bilateral meeting between the Bank of the Lao PDF (BOL) and the State Bank of Vietnam (SBV), aims to facilitate the use of local currencies in retail payments between the two countries.

ALSO READ: Vietnam records 103 million domestic cards, emphasises cashless scheme

During the meeting— held on 1 December in the Luang Prabang Province– Viet and Lao financial authorities discussed issues and challenges on matters relating to macroeconomic and banking sector development, policy and practice on foreign exchange controls, and a proposal for a cooperation plan between BOL and SBV in 2024.

Also Read

Bank Jago teams up with Google Cloud for gen AI, data analytic capabilities

Banks may be ill-equipped for demands of real-time payments

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit