Laos and Vietnam launch new cross-currency transaction, retail payment systems


Prime Minister Sonexay Siphandone and his Vietnamese counterpart Pham Minh Chinh (cenre) flanked by senior government officials, attend the launch of the new systems in Vientiane on Thursday. - Photo: Vientiane Times/ANN

VIENTIANE (Vientiane Times/ANN): The governments of Laos and Vietnam have initiated a cross-currency transaction service and cross-border payment system using QR code technology, to strengthen economic ties between the two nations.

The launch of the new systems took place in Vientiane on January 9 during the 47th meeting of the Laos-Vietnam Intergovernmental Committee.

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Laos , Vietnam , Cross Border Payments

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