APB Leads Financial Innovation in Lao PDR with Visa for Seamless Cross-Border Payments

05/30/2025

Vientiane, Lao PDR, 30 April 2025 – Agricultural Promotion Bank Co., Ltd (APB) is reinforcing its position as a leader in financial innovation through a collaboration with Visa, a global pioneer in digital payments. By adopting Visa B2B Connect, APB is enhancing its cross-border payment capabilities with a secure, efficient, and transparent solution designed for modern business needs.

The launch of APB World-Remit enabled by Visa B2B Connect marks a significant step in improving the way Lao businesses handle international transactions. This platform enables direct bank-to-bank transfers, increases transparency, and allows clients to track payments in near real-time-delivering greater speed, accuracy, and confidence in every transaction.

Mr. Philavanh SOPHABMIXAY, Managing Director of APB, stated: “This collaboration with Visa aligns perfectly with APB’s commitment to advancing digital financial services and contributing to sustainable economic development in Lao PDR. Guided by our ‘Swift, Complete, Accessible’ strategy, we’re creating an integrated ecosystem that supports corporate clients with smart tools for payments, liquidity, and real-time international fund management.”

He also noted that APB World-Remit with Visa B2B Connect supports a broad range of foreign currencies and is available in more than 110 countries and territories-strengthening APB’s role in connecting Lao businesses to international markets.

Ms. Dung Dang, Visa Country Manager for Vietnam and Laos, shared: “We are pleased to support APB in enhancing cross-border transactions for businesses in Lao PDR. The adoption of Visa B2B Connect will provide Lao businesses with a robust solution for managing international payments more effectively. This collaboration highlights our commitment to fostering innovation and offering seamless financial solutions that cater to the evolving needs of our clients and partners in Laos.”

This collaboration is part of APB’s wider Digital Remittance Solutions initiative, focused on expanding global service offerings through forward-looking technology and strong strategic collaborations. Corporate customers can now access cross-border payment services via the APB Business platform. For more details, please contact the APB Contact Center at Tel 1989.

 

 

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions, and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive. We believe economies that include everyone uplifts everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.