Sou Hu Cai Jing·2025-12-27 02:25Core Viewpoint - The People's Bank of China and the Bank of Laos have initiated a cross-border digital yuan payment service in Laos, marking a significant step in digital currency collaboration between the two countries [1] Group 1: Digital Currency Implementation - China Bank has successfully launched the first cross-border digital yuan wallet QR code payment business in Laos [1] - The project is guided by the People's Bank of China and the Bank of Laos, with China Bank being one of the first participants in the cross-border pilot program [1] - The China Bank Vientiane branch has connected to the digital yuan cross-border payment platform, facilitating real-time exchange rate quotes and efficient clearing services [1] Group 2: Benefits for Tourists and Merchants - The new payment service significantly lowers the barriers for cross-border settlements between China and Laos, providing a seamless experience for "payment-exchange-clearing" [1] - Chinese tourists in Laos can make payments directly in local currency without the need to exchange for foreign currency, using the digital yuan app to scan merchant QR codes [1] - Local merchants in Laos can receive funds automatically and compliantly without needing to upgrade their existing payment equipment [1]