Lao Mobile Money Partners With Visa to Scale Financial Inclusion in Laos

Lao Telecom’s fintech unit Lao Mobile Money has entered into a partnership with Visa to expand digital payments and financial inclusion in Laos. Under the current agreement, Lao Mobile Money, which operates the MmoneyX mobile wallet, and Visa are set to integrate the latter's payment system into the MmoneyX platform to offer secure and convenient options for multiple forms of transactions, including scanning payments, paying for goods in stores, mobile phone top-ups, and digital financial services, among others. 

Lao Mobile Money underlined that MmoneyX will utilize Visa’s payments platform to develop a simplified and convenient experience for tourists and locals conducting payments in Laos.