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UnionPay and Laos launch QR payment collaboration, easing cross-border transactions.
UnionPay International and the Lao National Payment Network have launched a QR payment collaboration in Shanghai.
This allows users of UnionPay-powered wallets to scan Lao QR codes for payments to local merchants, enhancing cross-border mobile payment experiences.
The partnership integrates UnionPay's QR specifications into Laos's national QR standards, enabling mutual acceptance without additional technical upgrades.
This initiative aims to boost people-to-people exchanges between China and Southeast Asia and improve payment convenience for travelers.
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