Decision No. 511/BOL (2025) on the Payment Service System replaces the previous regulation, establishing a legal framework to ensure safety, efficiency, and transparency, while supporting the growth of electronic payment services in Laos.
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Describe
Key takeaways:
- Legislation
- Purposes
- Requirements
- Document Mandatary Documents for Filling a License to Operate as a Payment Service Provider
- License Renewal Requirements
- Timeframe for the Bank of the Lao PDR
