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Alipay+ & Khan Bank to boost digital payment of 12 international eWallets in Mongolia

By Gloria Mathias

June 07, 2024

  • Alipay
  • APACC News
  • China News
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Alipay, Fintech News, Mastercard, Mastercard Move, Payments, Cross-Border Remittances, Secure Transactions, China News, APACC News, Khan Bank, Mongolia, Fintech news, Fintech solutions, Alipay+ has partnered with Khan Bank to enable seamless digital payments across Mongolia for users of 12 overseas mobile wallets and bank apps from 8 countries and regions.

With this partnership, Mongolia becomes the new destination to accept digital mobile payments powered by Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International.

Powered by Alipay+, users of these popular Asian and European eWallets and payment apps will enjoy a smooth and secure payment experience in Mongolia whenever they encounter the Alipay+ logo at participating merchants ranging from established hotel chains and restaurants to department stores and cashmere outlets located throughout the country.

Through the one-stop integration feature provided by Alipay+, these merchants can accept payments from mobile payment apps using the same QR code interfaces displayed at physical stores or by scanning the QR code in the user’s app.

Popular e-wallets and bank apps newly brought into Mongolia by Alipay+ include Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), Tinaba (Italy), MyPB by Public Bank Berhad and Touch ‘n Go Digital (Malaysia), GCash (the Philippines), Changi Pay and OCBC Digital (Singapore), Kakao Pay, Naver Pay and Toss Pay (South Korea), and TrueMoney (Thailand).

Erdenedelger Bavlai, First Deputy CEO of Khan Bank, noted, “Khan Bank was the first financial institution to sign an agreement with the Ant group back in 2021, enabling international payment process through Alipay. This time we are delighted to expand our partnership with the group and accept digital payment of users from eight countries and regions powered by Alipay+ on Khan Bank terminals for the first time in the Mongolian market. This partnership is significant for not only Khan Bank but also for Mongolia as it contributes to the development of tourism besides securing seamless payment for tourists and travelers coming to Mongolia.”

Danny Chung, General Manager of Alipay+ Korea, Europe, Middle East and Mongolia, said, “Mongolia is one of the favourites destinations for international travellers. The partnership with Khan Bank marks a significant milestone for Alipay+ as Mongolia becomes a new destination to accept cross-border mobile payments, powered by Alipay+. This partnership is a testament to our commitment to bringing a convenient and secure digital payment experience for international travellers.”

 

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