Banque pour le Commerce Exterieur Lao Public (BCEL) has unveiled the EZyKip application in a bid to streamline currency exchange for tourists visiting Laos during Visit Laos Year 2024.
The app, catering to tourists without a bank account in Laos, was officially launched in late January by BCEL’s Managing Director, Ms. Saysamone Chanthachack, alongside key officials and stakeholders.
Designed with foreign visitors in mind, EZyKip, facilitates cash withdrawals from over 400 BCEL ATMs nationwide with a 0% fee through QR scans, mitigating the risks associated with carrying physical cash. Users can easily exchange and transfer remaining balances back to their bank cards, ensuring a secure and hassle-free payment ecosystem throughout their travel in Laos.
Additionally, the app enables payments at BCEL’s OnePay agencies and Lao QR member stores, boasting lower fees compared to traditional card readers.
BCEL has ambitious plans to expand EZyKip’s functionality to include various card top-ups such as UnionPay, Visa, Mastercard, JCB, AMEX, Alipay, and WeChat Pay. This initiative aligns with Laos’ hosting of the ASEAN Tourism Forum and its chairmanship of the bloc throughout 2024, aiming to enhance the overall experience of foreign tourists and simplify financial transactions during their visit to Laos.