Laos and Brunei join Asian cross-border payments initiative
Laotian and Thai central banks also launch new cross-border payments link
Laos and Brunei have joined a group of Asian central banks that are working to link up their domestic payment systems.
The Bank of the Lao PDR and the Brunei Darussalam Monetary Authority signed memorandums of understanding to join the Regional Payment Connectivity (RPC) initiative on February 29 and April 3 respectively. The Laotian central bank and the Bank of Thailand (BoT) also set up a new cross-border payments link between the two neighbouring countries.
The RPC now includes eight central
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