The much anticipated Interbank Fund transfer (IBFT) through LAPNet (Lao National Payment Network Co Ltd) has been successfully launched on 8th December 2020. This stupendous feat is accomplished by the BOL (Bank of Lao), partnering with 7 major banks in the country namely Banque pour le Commerce Exterieur Lao Public (BCEL), BIC Bank Lao Co. Ltd, Lao Development Bank (LDB), Agricultural Promotion Bank (APB), Lao-Viet Joint Insurance Bank(LVB), Joint Development Bank (JDB) and ST Bank.
As a technical service provider and a long standing reliable partner for the major member banks in Laos, CashLink Global Systems Pvt. Ltd. takes immense pride in delivering a robust and scalable solution thus making the payments via LAPNet a reality! ”