Hanoi: Lao Mobile Money Sole Co., Ltd., the operator of Laos’ digital wallet service MmoneyX, has announced a strategic partnership with Visa, a global leader in digital payments. The collaboration is set to boost the adoption of secure and modern digital payment solutions in the Lao PDR.

According to Lao News Agency, the signing ceremony took place in Hanoi, Vietnam, attended by key executives from both organizations. The agreement was signed by Mr. Alounnadeth Banchit, Director of Lao Mobile Money Sole Co., Ltd., and Ms. Dang Tuyet Dung, Country Manager of Visa for Vietnam, Laos, and Cambodia. Mr. Suphon Chanthavisai, General Director of Lao Telecom Public Company, was also present along with senior executives from both companies.

The partnership represents a significant development in Laos’ digital financial ecosystem. By integrating Visa’s global payment infrastructure with MmoneyX’s local expertise, the initiative seeks to drive financial inclusion and provide safer and more convenient payment experiences for Lao citizens.

The partnership aims to expand financial service access by introducing digital payment options for those who are unbanked or underbanked, facilitating greater participation in the formal financial system. Visa’s secure payment infrastructure will be integrated into the MmoneyX platform to support various transactions, including QR code payments, in-store purchases, mobile phone top-ups, and digital financial services.

Plans are also in place to develop co-branded Visa cards to extend credit access to individuals and small businesses, enhancing financial flexibility and contributing to economic growth. Additionally, the partnership will enable direct international remittances into the MmoneyX wallet, simplifying the process for Lao workers abroad to send money home.

‘This collaboration with Visa is a crucial step in our mission to transform how people in Laos manage and move money,’ said Mr. Alounnadeth Banchit. ‘By making digital payments more accessible, secure, and reliable, we are helping to empower communities and drive economic progress.’

Through this alliance, Lao Mobile Money and Visa reaffirm their commitment to building a robust and inclusive digital payments ecosystem in Laos.