Lao Visitors Gain Seamless Digital Payment Access in Cambodia
Lao travellers visiting Cambodia can now enjoy a faster and more convenient way to pay for goods and services following the launch of Phase 2 of cross border QR code payments between the National Bank of Cambodia and the Bank of the Lao PDR. The initiative allows Lao tourists and customers to scan KHQR codes using their mobile banking applications while travelling in Cambodia with zero transaction fees, significantly improving everyday payment convenience and strengthening consumer confidence.
Central Banks Deepen Financial Connectivity
The official launch ceremony held in Phnom Penh was presided over by Chea Serey, Governor of the National Bank of Cambodia, and Bounkham Vorachit, Governor of the Bank of the Lao PDR. Speaking at the event, Serey emphasised the broader significance of the collaboration, stating, “Today’s gathering represents a crucial advance in enhancing connectivity while deepening economic integration between our two nations.” She noted that the formalised memorandum of understanding signed in November 2022 laid the foundation for innovation in cross border payments and financial inclusion.
Expanded Merchant Access and Tourism Benefits
Under Phase 2, Lao citizens can use their mobile banking apps to scan KHQR codes at approximately 4.5 million merchants across Cambodia. This wide acceptance opens new commercial opportunities for businesses in both countries while supporting increased trade, investment and tourism flows. Highlighting the consumer impact, Serey said, “Travellers will benefit from a seamless, fast and secure cross border payment experience, further enhancing convenience and consumer confidence,” adding that the initiative connects economies, cultures and people while promoting deeper ASEAN integration.
Regional Cooperation and Local Currency Use
Bounkham Vorachit described the initiative as a major milestone in bilateral cooperation, saying, “The development of the retail cross border QR payment linkage between Lao PDR and Cambodia is considered a significant achievement between BOL and NBC.” She explained that the system focuses on using local currencies in line with ASEAN integration goals and leverages digital innovation to remove traditional financial barriers. Several Lao commercial banks are participating alongside around 60 Cambodian banks, including ACLEDA Bank Lao Ltd, Agricultural Promotion Bank Co Ltd and Saigon Thuong Tin Bank Lao Co Ltd.
From Phase One Success to Full Two Way Payments
The QR payment linkage was developed in two phases, with Phase 1 launched on August 18, 2023, enabling Cambodian users with Khmer Riel accounts to pay merchants in Laos by scanning LAOQR codes via the Bakong app or mobile banking platforms. Phase 2 now completes the loop by allowing customers and tourists travelling between the two countries to make simple QR based payments in both markets, using KHQR and Khmer Riel accounts with zero transaction fees.
Strengthening Business and Economic Growth
According to the National Bank of Cambodia, the payment connection is especially important for businessmen, investors, tourists and workers, as it offers access to official financial services that are fast, affordable and secure. By simplifying payments and reducing friction, the system is expected to boost tourism, support trade activities and contribute to sustainable economic growth between the two neighbouring countries.
Conclusion
The launch of Phase 2 of the Cambodia Laos QR payment system marks a meaningful step toward a more connected and digitally driven regional economy. By enabling seamless, secure and fee free payments for travellers and businesses, the initiative not only improves daily convenience but also reinforces long term economic cooperation, tourism growth and ASEAN financial integration.