Beyond Borders: How Laos Is Transforming Cross-Border Payments for Businesses

APB World-Remit

In a major step toward modernising its financial sector, the Agricultural Promotion Bank Co., Ltd. (APB) in Lao PDR has launched a powerful new platform—APB World-Remit, powered by Visa B2B Connect. This groundbreaking development is revolutionising the way businesses in Laos manage international transactions, offering faster, more secure, and more transparent cross-border payments.

Launched on April 30, the platform is a landmark in the country’s journey toward a more connected and efficient financial ecosystem.

Seamless Transactions Across 110+ Countries

With the support of Visa’s global digital payment infrastructure, APB World-Remit now enables direct bank-to-bank transfers in over 110 countries and territories. Businesses can send and receive payments with improved accuracy and reduced processing time, minimising delays that previously slowed international trade.

Visa B2B Connect’s multi-currency capability also helps Lao businesses operate with confidence in diverse markets. Whether exporting goods to Asia, Europe or beyond, APB’s corporate clients can now manage foreign exchange more efficiently through a single streamlined system.

Real-Time Tracking for Real-Time Confidence

One of the most valuable features of the new platform is payment transparency. Businesses using APB World-Remit can track their transactions in near real-time, ensuring funds are moving securely and predictably. This visibility adds a critical layer of trust for companies engaging with partners abroad, especially in today’s fast-paced global marketplace.

Driving Laos’ Digital Ambitions

APB’s Managing Director, Mr Philavanh Sophabmixay, says the move is part of a broader vision. “This collaboration with Visa aligns perfectly with APB’s commitment to advancing digital financial services and contributing to sustainable economic development in Laos,” he said.

Under APB’s guiding strategy of Swift, Complete, Accessible, the platform is part of a long-term digital roadmap designed to help local enterprises thrive in the global economy. The integration of Visa’s technology enhances not only payment services but also liquidity management and overall operational efficiency for corporate users.

Visa’s Global Expertise Meets Local Growth

Visa Country Manager for Vietnam and Laos, Ms Dung Dang, affirmed the significance of the collaboration. “The adoption of Visa B2B Connect will provide Lao businesses with a robust solution for managing international payments more effectively,” she said. The initiative reflects Visa’s ongoing commitment to innovation and to helping clients in emerging economies like Laos compete on a global stage.

Available Now for Corporate Customers

The new cross-border payment solution is now available to corporate customers via the APB Business platform. Businesses in Laos looking to streamline their international operations and gain greater control over their payments can now tap into this secure and smart digital tool.

For more information, contact the APB Contact Center at Tel 1989 or visit: www.apb.com.la

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