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2026-01-19
06:51
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Bank of China completes the first cross-border digital currency QR code payment transaction between China and Laos

PANews December 27 News, Bank of China has completed the first cross-border digital currency QR code payment transaction between China and Laos. Under the joint guidance of the People's Bank of China and the relevant departments of the Bank of Laos, Bank of China participated in the first batch of cross-border pilot projects for digital payments and central bank digital currency cooperation between the two countries. At the same time, Bank of China Vientiane Branch has been the first to connect to the People's Bank of China's Digital Renminbi Cross-Border Digital Payment Platform. By providing real-time exchange rate quotes and efficient clearing services, Bank of China successfully completed the production verification of QR code payments for merchants within Laos. This service will significantly reduce the cross-border settlement threshold between China and Laos, enabling a seamless "payment-exchange-clearing" full process experience.
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