Online payment platform
MOST FinTech LLC (MOST) is an industry-leading financial technology company in Mongolia, founded in 2008 with the help of the first commercial bank – TDB, the first Mobile network operator – MobiCom Corporation and the first banking software company – GrapeCity Mongolia LLC. It is a payment processing operator with the aim to create stable and secure interoperability channels between financial institutions, service providers, fintechs and end-consumers, bringing benefits to all the involved parties.
While banking funds transfer system handles financial transactions only between its customers, our operator company processes payments and transactions between MOST’s customers, merchants and member banks. In 2012 MOST have launched its own multi-Financial institution, multi-merchant and multi-service provider (both prepaid and postpaid) mobile payment wallet called Most Money. The wallet is equipped with traditional money transfer and bill payment features as well as online instant loaning and purchase payment at the merchant using technologies like QR code, NFC and One-time-pin.
The company successfully grew into a trusted electronic payment operator with 200,000 clients growing at an annual rate of 33 percent, the platform usage averages at 28’000 time per day, processing 6.7 million transactions amounting to 1.7 billion MNT in volume per year and handling an average of 800,000 financial transactions and corporate payments per month.
We continuously working to improve our services and features using AI and BI technologies.
Current features that our platform offers are:
Looking into future, we are working to improve our security by shifting to blockchain technology by the end of 2020.