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China provides RMB 56 million grant for National Bank Card Payment System Project
| Funder | Unspecified Chinese Government Institution |
|---|---|
| Recipient Organization | Government of Laos |
| Country | Lao People's Democratic Republic |
| Start Date | Nov 28, 2014 |
| End Date | Nov 02, 2033 |
| Duration | 6,914 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 64704 |
Grant Description
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.
Staff Comments
This project is also known as the ATM Development Project. The Chinese project title is “老挝国家. 银行卡支付系统”项目 or 援老挝国家银行卡支付系统项目 or 援老挝国家银行卡支付系统项目.
Sources & References
- China provides 56 million Yuan to support ATM development in Laos
- Assessment and Prospect of China-Laos Development Cooperation
- China to Help Laos Become E-Government
- Laos launches UnionPay-supported bankcard payment system
- China Unionpay drives Laos’ online payment system
- UnionPay provides assistance to the construction of Laos national bank card payment system
- UnionPay helps Laos build national card payment system
- China Development Bank Annual Report 2014
- 银联国际与老挝中央银行等成立合资公司 共同运营老挝国家银行卡支付系统
- 国开行银联赴老挝建国家银行卡支付系统
- 银联参与老挝国家银行卡支付系统建设
- 银联助老挝完成国家银行卡支付系统建设, 2015 Annual Report, 2014 Annual Report
- 中老签署援老挝国家银行卡支付系统项目实施合同
- 国开行携手老挝政府助推“一带一路”发展 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Laos
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