LICENSE GUIDE
Payment Services License in Laos
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At a Glance
Who Needs This
Commercial banks, legal entities and financial institutions regulated by the Bank of the Lao PDR.
Conditions and thresholds
- A legal entity with stable finances and sufficient capital.
- An economic-technical feasibility study.
- Qualified management with no prior court sanction for financial, banking or money laundering offenses.
- Staff with finance, banking and technology skills.
- Technology, data management and internal control systems, and a suitable location.
- For providers handling customer payments: systems to protect user assets and a connection to the Lao payment system.
Documents to Prepare
The government record lists the following for a first application:
- Application Form
- Copy of Enterprise Registration Certificate
- Other Related Documents
The authority may ask for more, and foreign documents may need translation or notarization.
Fees and Timing
| Service (kip) | Certificate (kip) | Application (kip) | Total (kip) | |
|---|---|---|---|---|
| First issue | 2,000,000 | 0 | 0 | 2,000,000 |
| Renewal | 1,000,000 | 0 | 0 | 1,000,000 |
The record describes a fee of 0.1% of registered capital under Decision No. 288/BOL, with exemptions for some regulated institutions.
Legal Basis
| Instrument | Number | Date |
|---|---|---|
| Decision on Payment Services | 288/BOL | 17 Mar 2020 |
| Law on Payment Systems (Amendment) | 45/NA | 20 Nov 2023 |
AQQOUNT Guidance
Work from the department’s checklist, which the record says you should request directly. The listed 2,000,000 kip figure sits alongside a percentage-based fee, so confirm your actual cost.
The source was last updated on 4 Jan 2021. Confirm the current position with the authority before filing.
See all Finance & Insurance licenses, or open the official record: License for Providing Payment Services.