EFT Solutions Partners with Bonum to Establish Cooperation with Mongolbank
|
Facilitated by eftPay, "T-Card" in Mongolia Makes its Overseas Debut in Hong KongHONG KONG SAR - Media OutReach Newswire - 31 March 2025 - EFT Solutions Limited ("EFT Solutions" or the "Company"), member of EFT Solutions Holdings Limited (together with its subsidiaries, the "Group"; stock Code: 8062.HK), a leading electronic fund transfer point-of-sales ("EFT-POS") solutions provider in Hong Kong, is pleased to announce that the Company and its partner Bonum LLC, a payment services provider in Mongolia, are collaborating with Mongolbank, the central bank of Mongolia. With the technical support from EFT Solutions and payment acquirer from eftPay, the trios have successfully facilitated the expansion of the "T-Card," a major payment card issued by Mongolbank in Mongolia, into Hong Kong markets, with its inaugural deployment in Hong Kong merchants.According to the latest statistics, there are over 2 million T-Cards currently in circulation in Mongolia, accounting for more than 45% of the total number of payment cards. Furthermore, the total transaction volume of T-Cards exceeds 40% of the overall market. Breaking away from the prior limitations to domestic use, EFT Solutions, in collaboration with Bonum LLC, developed a tailored electronic payment terminal solution for the T-Card. This solution successfully integrates the card into their payment system to allow for seamless connectivity to various EFT-POS terminals, enabling its use in overseas markets. Along with the technical development of eftPay, the T-Card successfully made its overseas launch. It is introduced as a payment method in selected restaurant partners in Hong Kong. Local travelers visiting Hong Kong can simply use the T-Card for payments, facilitating their spending in the city. Looking ahead, eftPay plans to gradually expand the T-Card to other local merchants, catering to the electronic payment needs of Mongolian tourists visiting Hong Kong. Mr. Andrew Lo Chun-kit, Chairman and CEO of EFT Solutions said, "we are honored to be the first Hong Kong partner of Bank of Mongolia in regards to ePayments technology. Together we will accelerate local digital transformation. While driving Hong Kong to become a smart city, we are also responding to the HKSAR government's initiative in promoting the interconnectivity of e-payments across the regions. We will continue to actively explore various overseas smart city projects to seize international market opportunities." In addition to the T-Card, the Group is dedicated to expanding its international footprint, including entering a memorandum of understanding with a digital bank in the United Arab Emirates (UAE) last year, thereby preparing for future collaboration. Click here to download more HD photos. Hashtag: #EFTSolutions #俊盟國際 The issuer is solely responsible for the content of this announcement. EFT Solutions LimitedEFT Solutions Limited, member of EFT Solutions Holdings Limited (Stock Code: 8062.HK) has been committed to providing a full range of electronic payment solutions, supporting software and peripheral devices, to bring convenience to Hong Kong citizens and make their life better. In recent years, EFT Solutions has been actively expanding into overseas markets, establishing a presence in countries such as Taipei, Malaysia, and Singapore. It aims at providing the most suitable electronic payment solutions for different client, as well as providing add-value function for EFT-POS terminal, and coordinating terminal installation and maintenance service. Its EFT-POS terminal service covers renowned restaurant group, railway company, banks, major chain stores and department stores in Hong Kong. Website: www.eftsolutions.com  News Source: EFT Solutions Holdings Limited
31/03/2025 Dissemination of a Financial Press Release, transmitted by EQS News. |
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.