Lao Telecom’s fintech unit, Lao Mobile Money, has partnered with Visa to enhance digital payments and financial inclusion in Laos.
Expanding Digital Payments
The partnership between Lao Mobile Money and Visa involves integrating Visa’s payment systems into the MmoneyX platform. This integration will provide secure and convenient transaction options, such as scanning payments in stores, topping up mobile phones, and accessing digital financial services.
Simplifying Payments for Everyone
Lao Mobile Money aims to create a streamlined payment experience for both tourists and locals. By leveraging Visa’s platform, MmoneyX plans to introduce a co-branded Visa card, which will extend credit access and support economic growth. Additionally, the integration of Visa Pay into MmoneyX will enable users to make online purchases or pay at merchants through QR codes.
Increasing Financial Access
Lao Mobile Money underscores its commitment to expanding digital payment options for individuals who do not have bank accounts or limited access to financial services. The partnership is expected to make payments more accessible and secure, ultimately supporting economic activities across the country.
