China and Laos launch cross-border digital payment interconnection in Nanning
On September 18, 2026, the People's Bank of China and the Bank of the Lao PDR jointly launched a cross-border digital payment interconnection in Nanning, Guangxi. Deputy Governors Lu Lei and Surisak Samnouane attended. The system enables digital yuan QR code payments for Lao consumers and introduces corporate services via CBETS. It is a phased achievement under a June 2026 MoU on financial innovation and digital currencies.
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China and Laos Launch Cross-Border Digital Payment Connectivity in Nanning
On September 18, 2026, the People's Bank of China and the Bank of the Lao PDR jointly held a launch meeting for China-Laos cross-border digital payment connectivity in Nanning, Guangxi. Deputy Governor Lu Lei of the People's Bank of China and Deputy Governor Sulisak Samnuan of the Bank of the Lao PDR attended and delivered speeches. The initiative is described as an important measure to implement the consensus of the two countries' leaders and deepen bilateral financial cooperation. It represents a phased achievement under the Memorandum of Understanding on Strengthening Financial Innovation, Digital Payment and Legal Digital Currency Cooperation signed by the two central bank governors in June 2026. Officials from relevant departments of both central banks, as well as representatives from commercial banks and participating enterprises, attended the meeting.
Read sourceChina and Laos Launch Cross-Border Digital Payment Connectivity in Nanning
On September 18, 2026, the People's Bank of China and the Bank of the Lao PDR jointly held a launch meeting for China-Laos cross-border digital payment connectivity in Nanning, Guangxi. Deputy Governor Lu Lei of the People's Bank of China and Deputy Governor Sulisak Samnuan of the Bank of the Lao PDR attended and delivered speeches. The initiative is described as a key measure to implement consensus between the two countries' leaders and deepen bilateral financial cooperation. It represents a phased achievement under the Memorandum of Understanding on Strengthening Cooperation in Financial Innovation, Digital Payments, and Legal Tender Digital Currencies signed by the two central bank governors in June 2026. Officials from relevant departments of both central banks, as well as representatives from commercial banks and participating enterprises, attended the meeting.
China-Laos Cross-Border Digital Payment Interconnectivity Launched to Boost Trade
The People's Bank of China and its Lao counterpart jointly held a launch meeting in Nanning for China-Laos cross-border digital payment interconnectivity, according to a Securities Daily report published on East Money. The initiative, described as a 'digital bridge,' aims to facilitate personnel exchanges and economic cooperation. It enables Lao consumers to use digital yuan wallets for QR code payments at local merchants, with real transaction verification completed by end of 2025. The system also introduces corporate financial services via CBETS, including a 'Shubida·Lifu' trade settlement and investment financing service operating 24/7, reducing payment chain length and lowering exchange costs. The article notes that the two central banks signed an agreement in June 2026 to explore replicable models for digital currency infrastructure sharing. The report forecasts that digital yuan cross-border applications will expand, supporting the China-Laos Economic Corridor and China-ASEAN trade cooperation.
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China and Laos Launch Cross-Border Digital Payment Interconnection System
On September 18, the People's Bank of China and the Bank of the Lao People's Democratic Republic jointly launched the China-Laos cross-border digital payment interconnection in Nanning, Guangxi. The ceremony was attended by Lu Lei, Deputy Governor of the People's Bank of China, and Surisak Samnouane, Deputy Governor of the Bank of the Lao PDR, both of whom delivered speeches. The initiative is described as an important measure to implement consensus reached by the leaders of both countries and to deepen bilateral financial cooperation. It also represents a phased achievement under a Memorandum of Understanding on Strengthening Cooperation in Financial Innovation, Digital Payments, and Central Bank Digital Currencies, signed by the governors of the two central banks in June 2026. Officials from both central banks, as well as executives from commercial banks and participating enterprises, attended the meeting.
Read sourceChina and Laos Launch Cross-Border Digital Payment Interconnection in Nanning
On September 18, 2026, the People's Bank of China and the Bank of the Lao People's Democratic Republic jointly held the launch meeting for China-Laos cross-border digital payment interconnection in Nanning, Guangxi. Deputy Governor Lu Lei of the People's Bank of China and Deputy Governor Surisak Samnouane of the Bank of the Lao PDR attended and delivered speeches. The initiative is described as an important measure to implement consensus reached by leaders of both countries and to deepen bilateral financial cooperation. It also represents a phased achievement under the Memorandum of Understanding on Strengthening Cooperation in Financial Innovation, Digital Payments, and Central Bank Digital Currencies, signed by the governors of the two central banks in June 2026. Officials from both central banks, as well as executives from commercial banks and participating enterprises, attended the meeting.