China provides RMB 56 million grant for National Bank Card Payment System Project

Project narrative

On November 28, 2014, China provided an RMB 56 million grant through CDB to the Government of Laos for the National Bank Card Payment System Project. This project sought to build and operate an information exchange center capable of facilitating interbank transactions across the entire country. The project scope included the establishment of a card-making center, data center, and 160 information collection points across the country. China UnionPay was the contractor responsible for implementation. It signed a project implementation contract on November 28, 2014. The Central Bank of Laos was also involved in project implementation. On March 30, 2015, electronic ID cards started to be issued. Then, on November 30, 2015, the project was officially completed.