Bank of China Completes First Cross-Border CBDC QR Payment in Laos

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Bank of China has executed the first cross-border CBDC QR payment in Laos, using a secure digital asset platform. The Vientiane branch connected to the PBOC’s digital RMB cross-border payment system, offering real-time exchange rates and efficient clearing. Local merchants tested production-level QR payments without equipment changes. Chinese tourists can now pay in digital RMB via app, while Lao businesses receive funds instantly. KuCoin customer service remains available for users seeking support on digital transactions and cross-border operations.

Based on ChainCatcher, Bank of China has completed the first cross-border digital currency QR payment in Laos. Under the guidance of the People's Bank of China and the Lao central bank, Bank of China's Vientiane branch became the first to connect to the PBOC's digital RMB cross-border payment platform. The bank provided real-time exchange rate quotes and efficient clearing services to validate production-level QR payments for local merchants. This service will significantly lower cross-border settlement barriers between China and Laos, allowing Chinese tourists to pay directly in digital RMB via app without currency exchange, while Lao merchants can receive funds automatically without modifying their existing equipment.

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