The reporter learned from the People's Bank of China on September 18 that cross-border digital payment connectivity between China and Laos was officially launched. This is a milestone achievement reached within the framework of the “Memorandum of Understanding on Strengthening Cooperation in Financial Innovation, Digital Payments, and Fiat Digital Currencies” signed by the central banks of China and Laos in June 2026. In terms of bar code payment interconnection, the digital currency cross-border settlement integrated service platform built and operated by the Digital RMB International Operation Center has completed a cross-border system connection with the Lao National Payment Network, enabling cross-border connectivity between digital yuan and local bar code payments in Laos. At the end of 2025, Chinese residents can use digital yuan wallets to scan codes to pay at local commercial banks in Laos. Currently, China and Laos are jointly promoting functional upgrades and scenario expansion to further facilitate personnel exchanges and cultural tourism consumption between the two countries. In terms of economic and trade settlement exchange, some local banks in Laos have connected to CBETS and launched CBTS's new trade settlement and investment and financing service - Digital Currency Payment and Reward Payment. According to reports, digital currency payment can open up all aspects of trade, shipping, freight, investment and financing, etc., and integrate scattered trade information, capital flows, business documents, etc., and provide an efficient, safe, inclusive, and closed-loop digital yuan trade settlement and investment and financing service channel for economic and trade transactions.

The reporter learned from the People's Bank of China on September 18 that cross-border digital payment connectivity between China and Laos was officially launched. This is a milestone achievement reached within the framework of the “Memorandum of Understanding on Strengthening Cooperation in Financial Innovation, Digital Payments, and Fiat Digital Currencies” signed by the central banks of China and Laos in June 2026. In terms of bar code payment interconnection, the digital currency cross-border settlement integrated service platform built and operated by the Digital RMB International Operation Center has completed a cross-border system connection with the Lao National Payment Network, enabling cross-border connectivity between digital yuan and local bar code payments in Laos. At the end of 2025, Chinese residents can use digital yuan wallets to scan codes to pay at local commercial banks in Laos. Currently, China and Laos are jointly promoting functional upgrades and scenario expansion to further facilitate personnel exchanges and cultural tourism consumption between the two countries. In terms of economic and trade settlement exchange, some local banks in Laos have connected to CBETS and launched CBTS's new trade settlement and investment and financing service - Digital Currency Payment and Reward Payment. According to reports, digital currency payment can open up all aspects of trade, shipping, freight, investment and financing, etc., and integrate scattered trade information, capital flows, business documents, etc., and provide an efficient, safe, inclusive, and closed-loop digital yuan trade settlement and investment and financing service channel for economic and trade transactions.