{"id":26019,"date":"2024-04-01T23:00:00","date_gmt":"2024-04-01T23:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4376379_AE76379_0"},"modified":"2024-04-01T23:00:00","modified_gmt":"2024-04-01T23:00:00","slug":"gln-international-partners-with-sendmn-and-qpay-expands-the-qr-cross-border-payment-network-to-mongolia","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=26019","title":{"rendered":"GLN International partners with SendMn and QPay, expands the QR cross-border payment network to Mongolia"},"content":{"rendered":"\n<ul type=\"disc\">\n<li><b> Under the agreement, tourists to <span class=\"xn-location\">Mongolia<\/span> will be able to pay seamlessly at 200,000 QPay merchants across the country, using the digital wallets in the GLN network.<\/b><\/li>\n<li><b> In addition, Mongolian travelers can pay at GLN affiliate merchants in 11 countries, using 12 banking apps and 7 digital wallets in the QPay network.<\/b><\/li>\n<li><b> GLN&#8217;s payment network now includes 12 countries and regions: <span class=\"xn-location\">South Korea<\/span>, <span class=\"xn-location\">Japan<\/span>, <span class=\"xn-location\">Thailand<\/span>, <span class=\"xn-location\">Guam<\/span> &amp; Saipan, <span id=\"spanHghlt0354\"><span class=\"xn-location\">Taiwan<\/span> region, Hong Kong SAR<\/span>, <span class=\"xn-location\">Singapore<\/span>, <span class=\"xn-location\">Vietnam<\/span>, <span class=\"xn-location\">Laos<\/span>, <span class=\"xn-location\">Cambodia<\/span>, <span class=\"xn-location\">the Philippines<\/span> and <span class=\"xn-location\">Mongolia<\/span>.<\/b><\/li>\n<\/ul>\n<p><span class=\"xn-location\">SEOUL, South Korea<\/span>, <span class=\"xn-chron\">April 2, 2024<\/span> \/PRNewswire\/ &#8212; At the grand signing ceremony held at Shangri-la Hotel in <span class=\"xn-location\">Mongolia<\/span>, GLN, SendMn, and QPay have forged a strategic partnership agreement to enable cross-border QR payments between <span class=\"xn-location\">Mongolia<\/span> and the countries, regions connected in the GLN global payment network.<\/p>\n<p>Top officials from the Central Bank of <span class=\"xn-location\">Mongolia<\/span>, and the Financial Regulators Commission witnessed the MOA signing by Kenneth Kim CEO of GLN, Turbold B. CEO of SendMn, and Erdenemunkh G. CEO of QPay.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1212\">\n<p style=\"TEXT-ALIGN: center; WIDTH: 100%\"><a href=\"https:\/\/mma.prnasia.com\/media2\/2376065\/image_5020031_35134230.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2376065\/image_5020031_35134230.jpg?p=medium600\" title=\"\" alt=\"\" \/><\/a><br \/><span><\/span><\/p>\n<\/p><\/div>\n<p>After launching the service in June, the customers of&nbsp;e-wallets in the GLN network can make QR payments seamlessly at over 200,000 QPay stores throughout <span class=\"xn-location\">Mongolia<\/span>. The service is expected to create convenience and reduce the cost of payment, applying the real-time, inexpensive currency conversion and transparent fees.<\/p>\n<p>In addition, the users of 12 partner bank apps and 7 e-wallets in the QPay network will be able to make QR payments in 11 countries and regions connected in the GLN&#8217;s global payment network, including Korea, <span class=\"xn-location\">Japan<\/span>, <span id=\"spanHghlt44f7\"><span class=\"xn-location\">Taiwan<\/span> region<\/span>, and <span class=\"xn-location\">Thailand<\/span>, among others.<\/p>\n<p>Notably, this partnership not only propels the development of the local tourism industry in <span class=\"xn-location\">Mongolia<\/span> but also signifies a significant step forward in the cross-border payment industry.<\/p>\n<p>At the signing ceremony, GLN&#8217;s CEO, <span class=\"xn-person\">Kim Kyung<\/span>-ho, stated: &quot;I am confident that through our partnership with SendMn and QPay, 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.&quot; He further remarked, &quot;&nbsp;Being at the forefront of cross-border mobile payment services, connecting <span class=\"xn-location\">Mongolia<\/span> to GLN&#8217;s payment network is a significant milestone. We eagerly anticipate delving into diversification of the products operated with our partners in the future.&quot;<\/p>\n<p>SendMn&#8217;s CEO, Turbold B. also expressed his delight, stating, &quot;With Korea emerging as a popular destination for Mongolian travelers, the imminent opening of a new electronic payments promises to revolutionize the way citizens of both our nations conduct transactions. As we formalize our alliance with Korea&#8217;s GLN, we witness the fruition of our collective vision.&quot;&nbsp;<\/p>\n<p>QPay&#8217;s CEO, Erdenemunkh Gombodorj has proudly announced the partnership and emphasized that the service will enhance the pleasant travel experience for Mongolians abroad and the tourists in <span class=\"xn-location\">Mongolia<\/span>. In his closing remarks, he stated his welcome of all GLN users and wished an unforgettable trip in <span class=\"xn-location\">Mongolia<\/span>. &nbsp;<\/p>\n<p>The joint efforts of GLN, SendMn, and QPay promise to bring more convenience, security, and efficiency in the journey of travelers to and from <span class=\"xn-location\">Mongolia<\/span>, also other regions connected in the GLN payment network. Moreover, it will drive advancement and proliferation of QR payment technology across the Asian region, ushering in a new era of digital payments.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Under the agreement, tourists to Mongolia will be able to pay seamlessly at 200,000 QPay merchants across the country, using the digital wallets in the GLN network. In addition, Mongolian travelers can pay at GLN affiliate merchants in 11 countries, using 12 banking apps and 7 digital wallets in the QPay network. GLN&#8217;s payment network [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-26019","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GLN International partners with SendMn and QPay, expands the QR cross-border payment network to Mongolia - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=26019\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GLN International partners with SendMn and QPay, expands the QR cross-border payment network to Mongolia - My Blog\" \/>\n<meta property=\"og:description\" content=\"Under the agreement, tourists to Mongolia will be able to pay seamlessly at 200,000 QPay merchants across the country, using the digital wallets in the GLN network. In addition, Mongolian travelers can pay at GLN affiliate merchants in 11 countries, using 12 banking apps and 7 digital wallets in the QPay network. 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