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GLN International & BCEL team to launch remittance service to Laos

By Gloria Mathias

May 31, 2024

  • APAC
  • APAC news
  • Asia
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GLN, Remitly, Korea, Cross-Border, Instant Payments, Domestic Banks, Payments Solutions, APAC News, Korea FinTech, US Fintech, Daegu Bank, Korea, APAC, Banque Pour Le Commerce Exterieur Lao Public, BCEL, Loas, Fintech news, Korea News, JCB, Japan Fintech, Global Payments Network, Fonepay, Fintech News, AUB, Asia, united Bank, Philippines, QR Payments, Korea, SendMn, QPay Mongolia, Fintech News, QR Cross border, Payments Network, Fintech Solutions,Global Payment Network, GLN International, has announced the launch of an international remittance service to Laos in partnership with BCEL (Banque Pour Le Commerce Exterieur Lao Public), the state-owned commercial bank in Laos.

This collaborative launch will enhance convenience with account verification and remittance limit inquiries.

In 2022, GLN formed a partnership with BCEL, providing services such as QR payments and QR cash withdrawals (ATM). With the launch of this international remittance service, Laotian citizens residing in Korea can easily transfer funds to their home country using the GLN service integrated into BCEL’s mobile app.

Notably, the GLN service allows users to verify recipient account information in real-time, preventing erroneous transfers. Additionally, users can check the current status of their remittances and review their annual international remittance limits.

Kyung-Ho Kim, CEO of GLN, stated, “Laotian workers and students residing in Korea can now use the GLN service to safely and conveniently access mobile international remittance services.” He added, “We will continue to expand our service areas and develop our systems to ensure that more customers can enjoy the benefits of our international remittance service.”

Meanwhile, GLN, a subsidiary of Hana Bank established in July 2021, offers cross-border payment services such as QR payments and QR cash withdrawals (ATM) in major regions worldwide. Notably, the GLN QR payment service can be conveniently used without the need for currency exchange not only through the GLN mobile app but also via various apps like Hana Bank’s Hana One Q, Hana Money, Toss, KB Kookmin Bank’s KB Star Banking, and iMBank.

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