Promoting cross-boundary interconnectivity of e-payments
HONG KONG SAR -
Media OutReach Newswire -
24 June 2024 -
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") solution provider in
Hong Kong, is pleased to announce that the Company entered into a memorandum of understanding (the "
MOU") with
Mongolbank, the central bank of
Mongolia, to establish a business cooperation to lead the digital transformation of the financial sector in
Mongolia and strengthen the interconnectivity of e-payments in different regions.
According to the MOU, the cooperation between both parties is to: (i) construct improved payment and acquire system infrastructure; (ii) establish mutual acceptance of payment cards and/or payment systems in use in
Mongolia and/or
Hong Kong; (iii) collaborative discussion on banking and payment system for advancement of the financial sector in
Mongolia; and (iv) develop potential business model that creates mutual benefits of
Mongolia and
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 ePayment 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."
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The issuer is solely responsible for the content of this announcement.
EFT Solutions Limited
EFT 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, in order to bring convenience to Hong Kong citizens and make their life better. It aims at providing the most suitable electronic payment solution for different customers, 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.
News Source:
EFT Solutions