Infinite Solutions LLC has developed SocialPay,
an innovative mobile payment application in collaboration with Golomt
Bank, which has gained widespread popularity in Mongolia since 2017. It
has become the most widely used mobile payment app in the
country, offering users the convenience of generating invoices and requesting
payments to simplify financial relationships.
The SocialPay wallet offers a comprehensive range of services,
making users' lives easier. It provides fast and easy solutions accessible
anytime and anywhere, seamlessly integrating into users' daily routines.
With its one-stop access to various services, SocialPay ensures convenience and
Similarly, the Mongol Chat application, launched in 2019, has
emerged as Mongolia's exclusive national social platform, offering
communication and e-billing services similar to WeChat. With a strong focus on
becoming a comprehensive platform, it aims to encompass social media and mobile
payment functionalities. Since its inception, the Mongol Chat
application has experienced remarkable growth. Within its first year in 2019, it
garnered over 400,000 users, and currently, it boasts an
impressive user base of over 700,000. This achievement is
noteworthy considering Mongolia's total population is only 3.5 million.
Through collaborations with leading banks, Mongol Chat's unified
eWallet allows users to conveniently access and manage all their cards
from a single platform. The application has modernized traditional payment
methods, aligning them with international standards and opening up new
opportunities. Mongol Chat's success can be attributed to
its diverse array of functionalities, including chat, e-wallet,
loan services, payment solutions, and
integration with web 3.0 technology, offering opportunities for
crypto and NFT transactions.
This seamless user experience enhances the overall quality of services and brings
about positive impacts. Infinite Solutions LLC has developed
and continues to develop the most widely used fintech applications currently
available in the Mongolian market.