Heaptalk, Seoul — GLN International, SendMn, and QPay have forged a strategic partnership to enable cross-border QR payments between Mongolia and the countries and regions connected to the GLN global payment network.
With Korea emerging as a popular destination for Mongolian travelers, SendMn’s CEO, Turbold B, observed that the imminent opening of new electronic payments promises to revolutionize the way citizens of both our nations conduct transactions. As the company formalized its alliance with Korea’s GLN, he witnessed the fruition of our collective vision.
In the detailed partnership, after launching the service in June, the customers of e-wallets in the GLN network can make QR payments seamlessly at over 200,000 QPay stores throughout Mongolia. The service is expected to create convenience and reduce the payment cost, applying real-time, inexpensive currency conversion and transparent fees.
In addition, users of 12 partner bank apps and seven e-wallets in the QPay network will be able to make QR payments in 11 countries and regions connected to the GLN’s global payment network, including Korea, Japan, the Taiwan region, Thailand, Guam & Saipan, the Taiwan region, Hong Kong SAR, Singapore, Vietnam, Laos, Cambodia, the Philippines, and Mongolia.
GLN’s CEO, Kim Kyung-ho, stated, “We will make an attractive payment service via competitive real-time exchange rates and the extensive merchant network, providing secure, seamless, cross-border QR payment services. Being at the forefront of cross-border mobile payment services, connecting Mongolia to GLN’s payment network is a significant milestone. We eagerly anticipate delving into diversification of the products operated with our partners in the future.”
The joint efforts of GLN, SendMn, and QPay promise to bring more convenience, security, and efficiency to travelers to and from Mongolia and other regions connected to the GLN payment network. Moreover, they will drive the advancement and proliferation of QR payment technology across the Asian region, ushering in a new era of digital payments.
QPay’s CEO, Erdenemunkh Gombodorj, expected the partnership to enhance the pleasant travel experience for Mongolians abroad and tourists in Mongolia. In his closing remarks, he welcomed all GLN users and wished them an unforgettable trip in Mongolia.
