Loca launched a new product, “Loca Pay” on December 16, 2022, at the Lao Plaza Hotel with a new goal to make tourists pay around like a local.
If you’re ever traveling in Laos, it won’t take long before you hear about the convenience of using LAO QR codes to pay for everyday items. This widely accepted form of payment has quickly become a go-to for Laotians in their daily lives. The privacy afforded by the QR code technology is one of its best aspects—it allows shoppers to quickly and securely purchase goods without having to enter sensitive information, like credit card data. It’s no surprise that LAO QR codes are continuing to gain traction in this corner of Southeast Asia—combining convenience and security makes them hard not to love!
Tourism is one of the most important industries in Laos, with more and more tourists coming to the country, which comes with a high purchasing power that is ready to pay for living in Laos, and that is why Loca quickly saw the opportunity and created a new service to meet these payment demands with Loca Pay, a new payment system that will allow everyone to use their credit card to pay through the Lao Bank QR codes conveniently.
LOCA has teamed up with Joint Development Bank (JDB) to announce its groundbreaking new payment system “LOCA PAY”, which is going to make paying with your credit card seamless in Laos. With LOCA PAY, you only need to link your credit card once and then you can start scanning and pay to Lao QR everywhere in no time. Forget the fuss of carrying around countless cards or fumbling around with apps when it comes time to settle up; just let LOCA take care of all your payment needs! And that’s not all – LOCA PAY can support VISA, Master Card, and UnionPay (coming later next year).
In addition to all the distinguished guests who attended the event, whether they are business entities, major banks in the Lao PDR, or important organizations… the event was also honored by Mr. Manothong Vongxay, Deputy Minister of Industry and Commerce, for participating and giving comments on this occasion.
Loca Pay is willing to be a new revolutionary in the field of payment that will not only help tourists to pay. Loca Pay also helps small business units to have more access to the purchasing power of tourists. Tourists now can pay through the existing bank’s QR code by linking the card to LOCA Application. Thus, SMEs are not required to have a card reader terminal to accept the credit card of tourists.
How to use the new LOCA payment system
The new LOCA payment system is here and it’s ready to revolutionize the way you pay. All you need to do is link your credit card to the LOCA App, submit your KYC information and the process will be automatically completed. Then you can start paying by scanning the LAO QR Code – no more fishing for cash or queuing up at the ATM! With LOCA, transactions are quick and secure – no wonder so many people are choosing it as their go-to payment method.
Why QR codes are better than credit cards in Laos
QR codes have become popular among Laotians, as QR Code payment offers instant settlement with no need for a terminal to accept cards. QR Codes are also widely accepted in Laos, making it much easier for people to make payments. In addition, QR Codes allow for quick and easy transactions that can go through with just the snap of a picture from a smartphone. From small-time shops to buy your favorite drink, to pay for your fancy dinner, a QR Code is the most convenient way to pay in Laos. There’s no need to think twice when you want to buy something or pay a bill – LAO QR codes have got you covered!
Can LOCA PAY be trusted?
When it comes to trust, LOCA has been operating a ride-hailing service since 2018. They are well-known for providing safe and reliable services. With that being said, LOCA has been listed on Forbes ASIA’s top 100 companies to watch list in 2021 – definitely something worth bragging about! Plus, all transactions are facilitated via Joint Development Bank to provide peace of mind. The LOCA PAY service is officially approved by the Payment System Department under the Bank of Laos.
With QR codes becoming more popular, it’s likely that you will start to see them more and more often. And with LOCA launching its new payment system, it’s easier than ever to start using this technology during your trip to Laos. Now you can scan LAO QR codes with your credit card and pay for your travels without any hassle. We hope this makes your life a little bit easier and helps you enjoy your trips even more. So why not give it a try? If you’re already a LOCA user, don’t forget to check out the new LOCA PAY feature.