Southeast Asia Information Port (www.dnyxxg.com) – ST Bank (Singapore Technology Bank), a wholly private bank in Laos, officially launched three new financial products at the 2025 Lao Financial Expo in Vientiane, reaffirming its commitment to expanding modern financial services and precisely meeting the diverse needs of its customers. Established in 2009, ST Bank has continuously enriched its product portfolio over the years, now covering credit services, deposit products, payment solutions, and international card services.
At the expo, ST Bank launched a school savings account, the STB-UnionPay ATM card, and a VISA co-branded debit card, all authorized by the Bank of the Lao People's Democratic Republic. Members of ST Bank's Executive Board and employees attended the product launch ceremony.
The three new products each have their own focus, precisely covering different customer needs: the STB-UnionPay ATM card is usable at ST Bank ATMs nationwide and on the LAPNET network, supporting international offline payments and online transactions at merchants displaying the UnionPay logo; during the promotional period, new customers can apply for the card for free, existing customers can replace their cards for free, and enjoy exclusive online benefits. The VISA co-branded debit card focuses on domestic and international payment scenarios, fully supporting cross-border payments at physical stores and online platforms, providing great convenience for customers who frequently engage in online shopping and transactions. During the promotional period, customers applying for this card can enjoy a 50% discount on the issuance fee, and after meeting specific spending requirements, they can also receive a 50% cashback on the annual fee.
The school savings account is designed for long-term financial planning related to children's education. Customers can deposit funds anytime through the ST Bank mobile app or at service counters nationwide, and enjoy interest rates higher than ordinary savings accounts. To celebrate the launch of this account, customers who open this account during the expo and have a minimum deposit of 500,000 Lao Kip will receive a teddy bear gift from MINISO Laos.
The 2025 Lao Financial Expo will be held from December 15th to 21st at the Lao International Trade and Exhibition Center (Lao-ITECC), during which visitors can enjoy a series of exclusive special offers. This new product launch is an important initiative by ST Bank to continuously improve customer experience and contribute to the development of inclusive finance in Laos.
