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 efficiency.
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.