Vientiane Times: "New cash transfer network pools ATM services The Lao Central Payment Network service officially opened for business on Monday, providing a new service for commercial banks wanting to access shared ATM facilities.
Mr Phouphet Khamphounvong ( right ) and Mr Tharman Shanmugaratnam attend the opening ceremony of the Lao Central Payment Network.
Bank of the Lao PDR Governor Phouphet Khamphounvong and Singaporean Finance Minister Tharman Shanmugaratnam cut a ribbon to officially open the Lao-Singaporean joint venture at the Bank of the Lao PDR in Vientiane. The ATM pool system will enable commercial banks in Laos to share ATMs around the country, which will help them to reduce expenditure to expand their own ATM services.