People's Bank of China and Bank of Laos jointly launch cross-border digital payment interconnection under bilateral financial cooperation framework.
The People’s Bank of China and the Bank of Laos jointly launched cross-border digital payment interconnection in Nanning, Guangxi on September 18. Attended by PBOC Deputy Governor Lu Lei and Bank of Laos Deputy Governor Surisak Samnuon, the move advances bilateral financial cooperation under a June framework MoU on financial innovation, digital payments, and legal digital currency.
Key facts
- 01Date and place: September 18, in Nanning, Guangxi.
- 02Participants: PBOC Deputy Governor Lu Lei and Bank of Laos Deputy Governor Surisak Samnuon.
- 03Event: Launch of cross-border digital payment interconnection under bilateral financial cooperation framework.
- 04Context: It follows a June MoU on financial innovation, digital payments, and legal digital currency cooperation.
- 05What readers should know: This marks a step in deepening financial cooperation between China and Laos under agreed bilateral frameworks.
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