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The Declaration ceremony of achievement ATM system integration between BCEL and LaoVientBank (Bconnex)

On 05/09/2013 at Donchanh palace hotel Vientiane Capital was organized the  ATM system integration ceremony between Banque Pour Le Commerce Exierieur Lao public (BCEL)And LaoVietBank (LVB).

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In previous 1 year  on 23/11/2013 at Donchanh palace had the signed  memorandum between 07 commercial Bank internal in the cooperation and development the ATM system integration around the country included: ( BCEL, LaoVietBank, LVB, APB, LDB, JDB, STB, INDOCHINA BANK ), However, after we expanded this program for a term, we had confronted with many problems. The mainly is about information  technology among the members that joined with this program are difference. Until July 2013 by the consideration and attempt, BCEL and LaoVietBank were decided to continue expand this task for the next step in this project by the potential in the cooperation between BCEL and LaoVietBank on the base of the modern information and technology and we have the quality expert of the technology to help the project successful and complete in timely by the direction of the committee of two Banks.

In addition by the direction of Bank of Lao (BOL) especially is the committee of two Banks BCEL and LaoVietBank make the project in during of the experiment in the end of august/2013 had achieved.

In content of the speech from Mr. Doan Viet Nam general director of LaoVietBank, He was estimated to the cooperation between BCEL and LaovietBank almost 14 years ago achievement of ATM system integration between two countries. it was performed to the heritage relation, performed to the new step in cooperation in strategies and contribute to develop the new product in Lao market. 

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According to the directions of the business of operation to increase the value benefit to the customer on the base of the modern technology structure  after successful expanding to use the Corbanking system, in the past LaoVietBank was focus develop the service products to supply for high demand of customer. Especially in the directions of business operation, Give the chance to the retail Bank, LaoVietBank is developing electronic service products to the customer such as: payment card, ATM, POS, Home banking, internet banking, Mobile banking, and online payment To bring the service products to the target client . Along with the concentration to the work of system network, LaoVietBank had attention to support in cooperation ties with the commercial Bank also with the organization. Unit supply a service for expanding the distribute system. Attending to the ATM system integration between Bank(Bconnex) is the step of the target for expand the distribute system of LaoVietBank around the country becomes true.

The achievement of expanding the Bconnex system in Lao. The governor of the Bank of Lao PDR Mr. Somphao FAISITH was estimated to the effort of two Banks BCEL & LVB. The achievement of Bconnex system integration is the importance step of Banking system in domestic. Although in the first step just can integrated only two Banks, but is a good signal to continue developing the results of this project to another Banks.

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Development ATM system integration in Lao. BOL was adopted this work is the important work to the economic and politics, the developing of this system can help the customer convenient to use the ATM card and attracted the customer use the ATM for payment. And keep the time to services the customer in another Bank. Besides that, it help the ATM system have the central characteristic and make the customer have many choice instead of waste the time to use the ATM of some Bank.  

Political, the ATM system integration with other Banks will show to the solidarity and together supply the convenient service to the customer who used the ATM card. Not only that, but also create the pride together of banks in the country among the Bank in the region and international especially ATM system integration between BCEL and LaoVietBank in this time is have the important meaning with two parties, government of two counties Lao – Vietnam to be the heritage of the continued cooperation and extra relation of two countries. Therefore, ATM system integration is the result of the pride of two countries Lao and Vietnam.

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The expansion ATM system integration between Bank in this time. Together with bilateral settlement system that linking between two Banks shows  the close relation cooperation between LVB and BCEL, together with the certifies validity on the alliance’s strategic direction between two Banks. To supply the service products that remained to the target client. In the future LaoVietBank is continuing expand to accept the international card product such as: Visa. Master card. Unoinpay etc..

The totals all of the ATM card approximately is : 40,000 customers and approximately is: 300 ATM machines around the country of both Banks BCEL and  LaoVientBank are going to integrate officially on 05/09/2013.. Bring the significant benefits to the customer when use the ATM service of two Banks around the country.

Information about Bconnex

Name of product: BCONNEX

Detail of product: ATM system integration between Bank

The member of Bank participating : BCEL and LaoVietBank

Characteristic: approving to the customer who have the ATM card ( adopted by BCEL and LaoVietBank ) can use the ATM machine in 24 hours.

Enhance services : withdrawal services and account information services

Fee for use cash withdrawal services On-Us:  no fee

Fee for use cash withdrawal services Off-Us: 2000 Kip

Fee for use account information services( included the card On-Us and Off-us ) : no fee

Officially duration for using: 05/09/2013

During 03 months since 05/09/2013 for the customer who using the ATM card by Bconnex system not charge any service fees.