China and Laos pilot cross-border digital payment cooperation, and Mybank completes the first digital RMB QR code payment

According to a report by 21 Finance, under the guidance of the People's Bank of China, MyBank has completed its first digital RMB scan payment at a merchant in Laos by connecting to the cross-border digital payment platform of the Digital RMB International Operation Center.

This marks the latest progress in the bilateral cross-border digital payment cooperation project between the central banks of China and Laos. The opening of this pathway signifies that the digital RMB has achieved "internal use for external purposes" for the first time, providing a new payment method for Chinese residents spending abroad, and is another reflection of the deepening cooperation in digital currencies between the central banks of China and Laos.