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Are you referring to https://ultimopay.io/ ? Is using a Laotian bank.

Haven't done it myself yet but did inquire. The 'official' way is to pay an agent for a Business Visa with work permit. With that you can open a bank account at every bank. The downside is you have to spend 10-14 days in Laos until you get your passport and permit back.

Many agents offer express service for an additional fee, which might reduce this waiting time to a minimum 24-48 hours. Best to avoid weekends and holidays.

Acleda offers free incoming Swift transfers until the end of 2025.

Were you ultimately successful in getting your Maybank account? My experience was that even with a work permit, they still wanted a certificate of employment.

They told me they do ship abroad. For shipment to Thailand I was quoted $60. And $10 for card issuance fee. One can choose Union Pay and Visa. There is also a 'special' card for private banking clients.

For what I need, Visa and Mastercard make most sense. The basic card is only $6. Also gives you access to the Visa Direct and Mastercard Money Send functions in their app, allowing you to send small amounts (I seem to remember something like $2500) to other Visa and MC cards of roughly 40-45...

Transfers from and to Cambodian banks are instantaneous. And their Virtual Card worked on Amazon. Haven't had the opportunity to pick up and try their plastic card yet.

Correct. All done online. No visit required. Or any notarization of documents.

Not at the moment, so it seems. I was told they had them before.

Yes and when I requested inward remittance instructions, it seemed to go via a Singapore company and the account number required as reference. Or one could top up via Huione Pay, which allows for crypto funding. Although they (Huione) seem to have lost their banking license in Cambodia...

The basic setup can be done through the app. But to get higher level verified status without restrictions, I got someone assigned via their Telegram channel. She was very helpful. Everything was done via Telegram. It's not a full fledged bank like Acleda but can be very useful.

Pandabank does too.

No, but it does offer Visa Direct and Mastercard Send payments, allowing you to send limited amounts from your card to someone else's, which could include European countries.

They offer Visa, Mastercard, Union Pay and even JCB.

It seems Wise is finally starting to offer accounts to HK companies: https://newsroom.wise.com/en-CAS/24...their-multi-currency-payments-in-a-few-clicks A few days ago I received a mail notifying me my customer business agreement would be changing to Wise Payments Hong Kong Limited. And when I...

Thai banks are starting to verify tax residency/status of their account holders. K Bank started in November. There are reports Bangkok Bank has been circulating such forms and today apparently Krungthai started as well. I read a similar post today on another forum.

Bank of Laos to Enforce New Rules for Foreign Currency Accounts

Exactly. Some say there was US pressure to let them go.

Andrew and Tristan Tate leave Romania on jet bound for the US