1 PRIME MINISTER OYUN-ERDENE VISITS EGIIN GOL HYDROPOWER PLANT PROJECT SITE WWW.MONTSAME.MN PUBLISHED:2025/04/30      2 ‘I FELT CAUGHT BETWEEN CULTURES’: MONGOLIAN MUSICIAN ENJI ON HER BEGUILING, BORDER-CROSSING MUSIC WWW.THEGUARDIAN.COM PUBLISHED:2025/04/30      3 POWER OF SIBERIA 2: ECONOMIC OPPORTUNITY OR GEOPOLITICAL RISK FOR MONGOLIA? WWW.THEDIPLOMAT.COM PUBLISHED:2025/04/29      4 UNITED AIRLINES TO LAUNCH FLIGHTS TO MONGOLIA IN MAY WWW.MONTSAME.MN PUBLISHED:2025/04/29      5 SIGNATURE OF OIL SALES AGREEMENT FOR BLOCK XX PRODUCTION WWW.RESEARCH-TREE.COM  PUBLISHED:2025/04/29      6 MONGOLIA ISSUES E-VISAS TO 11,575 FOREIGNERS IN Q1 WWW.XINHUANET.COM PUBLISHED:2025/04/29      7 KOREA AN IDEAL PARTNER TO HELP MONGOLIA GROW, SEOUL'S ENVOY SAYS WWW.KOREAJOONGANGDAILY.JOINS.COM  PUBLISHED:2025/04/29      8 MONGOLIA TO HOST THE 30TH ANNUAL GENERAL MEETING OF ASIA SECURITIES FORUM WWW.MONTSAME.MN PUBLISHED:2025/04/29      9 BAGAKHANGAI-KHUSHIG VALLEY RAILWAY PROJECT LAUNCHES WWW.UBPOST.MN PUBLISHED:2025/04/29      10 THE MONGOLIAN BUSINESS ENVIRONMENT AND FDI: CHALLENGES AND OPPORTUNITY WWW.MELVILLEDALAI.COM  PUBLISHED:2025/04/28      849 ТЭРБУМЫН ӨРТӨГТЭЙ "ГАШУУНСУХАЙТ-ГАНЦМОД" БООМТЫН ТЭЗҮ-Д ТУРШЛАГАГҮЙ, МОНГОЛ 2 КОМПАНИ ҮНИЙН САНАЛ ИРҮҮЛЭВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     ХУУЛЬ БУСААР АШИГЛАЖ БАЙСАН "БОГД УУЛ" СУВИЛЛЫГ НИЙСЛЭЛ ӨМЧЛӨЛДӨӨ БУЦААВ WWW.NEWS.MN НИЙТЭЛСЭН:2025/04/30     МЕТРО БАРИХ ТӨСЛИЙГ ГҮЙЦЭТГЭХЭЭР САНАЛАА ӨГСӨН МОНГОЛЫН ГУРВАН КОМПАНИ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     "UPC RENEWABLES" КОМПАНИТАЙ ХАМТРАН 2400 МВТ-ЫН ХҮЧИН ЧАДАЛТАЙ САЛХИН ЦАХИЛГААН СТАНЦ БАРИХААР БОЛОВ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/04/30     ОРОСЫН МОНГОЛ УЛС ДАХЬ ТОМООХОН ТӨСЛҮҮД ДЭЭР “ГАР БАРИХ” СОНИРХОЛ БА АМБИЦ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/30     МОНГОЛ, АНУ-ЫН ХООРОНД ТАВДУГААР САРЫН 1-НЭЭС НИСЛЭГ ҮЙЛДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     ЕРӨНХИЙ САЙД Л.ОЮУН-ЭРДЭНЭ ЭГИЙН ГОЛЫН УЦС-ЫН ТӨСЛИЙН ТАЛБАЙД АЖИЛЛАЖ БАЙНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     Ц.ТОД-ЭРДЭНЭ: БИЧИГТ БООМТЫН ЕРӨНХИЙ ТӨЛӨВЛӨГӨӨ БАТЛАГДВАЛ БУСАД БҮТЭЭН БАЙГУУЛАЛТЫН АЖЛУУД ЭХЛЭХ БОЛОМЖ БҮРДЭНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/04/29     MCS-ИЙН ХОЁР ДАХЬ “УХАА ХУДАГ”: БНХАУ, АВСТРАЛИТАЙ ХАМТРАН ЭЗЭМШДЭГ БАРУУН НАРАНГИЙН ХАЙГУУЛЫГ УЛСЫН ТӨСВӨӨР ХИЙЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29     АМ.ДОЛЛАРЫН ХАНШ ТОГТВОРЖИЖ 3595 ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/04/29    

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

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Mongolia-China cooperation amid COVID-19 exemplary -- Mongolian FM www.xinhuanet.com

July 11 (Xinhua) -- Despite the COVID-19 pandemic, Mongolia and China have maintained active cooperation, setting a real example of how neighboring countries help each other and overcome difficulties together, Mongolian Foreign Minister Batmunkh Battsetseg has said.
"Strengthening continuously mutually-beneficial cooperation with China is one of the Mongolian foreign policy priorities," Battsetseg told Xinhua in a recent interview.
Describing China as Mongolia's eternal neighbor with a long history of traditional relations, she said it's pleasing to see that the comprehensive strategic partnership with China has been deepening in all areas.
Last year, the two countries exchanged high-level visits and held meetings of intergovernmental commissions, maintained trade and economic interactions, and effective cooperation in preventing and curbing the spread of the pandemic, Battsetseg noted.
"We are sincerely grateful to the Chinese government and people for donating vaccines and essential medical equipment to Mongolia during this difficult time, as well as for sharing experiences in successfully combating the pandemic," she said, adding that China's vaccine support is very important for Mongolia.
Mongolia launched a national vaccination campaign in late February, aiming to vaccinate at least 60 percent of its 3.3 million population.
So far, over 55 percent of its population have been fully vaccinated, according to the country's health ministry.
"We believe that intensive and wide-ranging immunization will increase economic activity and opportunities for further cooperation with foreign countries, including China," said Battsetseg.
In addition, within the framework of long-term and medium-term development policies, Mongolia has set specific goals and started implementing measures to reduce poverty, increase people's incomes, improve quality of life and support business activities, said Battsetseg.
China is one of the country's largest trade and investment partners, Battsetseg said, noting that economic cooperation between Mongolia and China plays an important role in achieving the above-mentioned long-term development policy goals.
China's willingness to share development experiences and benefits with other countries, import more goods and services from abroad and pursue a policy of common development is a good opportunity for neighboring countries such as Mongolia, she said.
Moreover, Mongolia has supported China-proposed Belt and Road Initiative (BRI) from the onset and actively participated in it, Battsetseg said, expressing her willingness to exchange experiences and implement joint projects with China not only in the real-economy sectors, but also in financial and e-service within the BRI framework.
Commending China's achievements in poverty alleviation, she said that Mongolia is also interested in exchanging experiences and cooperating with China in artificial intelligence, robotics, innovation, environmentally friendly technologies and tourism.
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Mongolia’s first ever Ice Palace ready to open www.news.mn

It is unbelievable that in Ulaanbaatar, reputedly, the coldest capital city in the world there is no ice palace. Until now, Mongolian athletes in training for winter games, have only been able to train in winter – when everything is frozen, sometimes at uncomfortably cold temperatures below -30 C. The only viable training option has been going abroad to use facilities in other countries. Fortunately, this is all due to change. When the ‘Steppe Arena’ – Mongolia’s first ever Ice Palace – opens in September, not only will athletes will able to train freely, but the country can organise world-class international competitions.
Designed by Mongolian architects, the ‘Steppe Arena’ has been built by international companies from Canada, the USA, Austria and Germany; experts from Austria and Finland have helped with ice-spreading technology. Over 600 Mongolian workers have been involved in the construction of the palace over the past three years.
Costing over MNT 23 billion, the ‘Steppe Arena’ is located near the Buyant Ukhaa Sports Palace, the swimming pool in the New Yarmag Complex, and football and basketball fields funded by the International Federation of Association Football.
The dimension of the rink is 30 m × 60 m, which is the approved standard of the International Olympic Committee; this will enable Mongolia to organise regional and international competitions. To fully guarantee the needs and comfort of judges and athletes, the ‘Steppe Arena’ will have 6 changing rooms and over 10 rooms for journalists and first aid services.
Yesterday, Wednesday (7 July), the Mongolian skating team with 14-year-old figure skating athlete O.Misheel tested the ice rings at the palace. Outside, in the city, it was over +20 Celsius outside on but inside the palace it was very cold. O.Misheel explained that she has not been able to skate since returning to Mongolia from the USA. She and other skaters are now aiming to participate in the 2022 Beijing Winter Olympics.
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Russell: Robust China coal demand amid Australia import ban fuels price rally www.mining.com

(The opinions expressed here are those of the author, Clyde Russell, a columnist for Reuters.)
Seaborne coal has become a quiet winner among energy commodities, lacking the attention of higher-profile crude oil and liquefied natural gas (LNG), but enjoying strong gains amid rising demand.
Both thermal coal, used in power plants, and coking coal, used to make steel, have rallied strongly in recent months. And in both cases the driver has largely been China, the world’s biggest producer, importer and consumer of the fuel.
There are two elements to China’s influence on seaborne coal markets in Asia; robust demand as the Chinese economy rebounds from the coronavirus pandemic; and Beijing’s policy choice to ban imports from Australia.
Both elements are reflected in the prices, with lower-quality thermal coal from Indonesia being the biggest beneficiary.
The weekly index for Indonesian coal with an energy value of 4,200 kilocalories per kilogram (kcal/kg), as assessed by commodity price reporting agency Argus, has surged nearly three-quarters from its 2021 low of $36.81 a tonne to $63.98 in the week to July 2.
There is a demand-pull element helping to boost prices of Indonesian coal, with data from commodity analysts Kpler showing China imported 18.36 million tonnes from the world’s largest shipper of thermal coal in June.
This was the second-biggest monthly volume China has imported from Indonesia according to Kpler records going back to January 2017, eclipsed only by last December’s 25.64 million tonnes.
Refinitiv, which like Kpler tracks vessel movements, has China’s imports from Indonesia somewhat lower in June at 14.96 million tonnes. But the two services agree that this was the second-highest month on record, with Refinitiv data going back to January 2015.
Both agree that China’s imports from Australia have dwindled to near zero from levels around 7-8 million tonnes per month that prevailed up until Beijing’s unofficial ban was imposed in the middle of last year.
China’s total coal imports from all countries in June were 31.55 million tonnes, according to Kpler, and 25.21 million according to Refinitiv.
Australia rebound
But while Australia, the second-biggest exporter of thermal coal and the biggest of coking coal, may have lost the China market, it has been able to find alternatives and the price of its coals have also been rising strongly.
Benchmark high-grade thermal coal with an energy value of 6,000 kcal/kg at the port of Newcastle ended last week at $135.63 a tonne, the highest in 10 years, and up by more than half in just the past two months.
This grade of coal is mainly bought by Japan, South Korea and Taiwan, which rank behind China and India as Asia’s top importers of coal.
Those three countries imported 14.77 million tonnes of all types of coal from Australia in June, according to Kpler, down from May’s 17.05 million, but up strongly from 12.46 million in June 2020.
But the real saviour for Australian coal has been India, which imported a record 7.52 million tonnes of all grades in June, up from 6.61 million in May and just 2.04 million in June 2020.
India tends to buy intermediate grade thermal coal from Australia, which sells at a substantial discount to the 6,000 kcal/kg fuel.
Argus assessed 5,500 kcal/kg coal at Newcastle at $78.29 a tonne on July 2. While this grade has doubled from its 2020 lows, it is still some 42% cheaper than the higher-quality fuel popular with North Asian buyers.
Australia’s coal export volumes have largely recovered from the initial hit caused b the China ban and the loss of demand from the coronavirus pandemic. Kpler assessed June shipments at 31.37 million tonnes of all grades, up from 28.74 million in May and the 27.13 million from November, which was the weakest month in 2020.
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Mongolia to start third doses of Covid vaccine in August www.news.mn

So far, 57 percent of Mongolian population above the age of 18 has received the second doses of the Covid-19 vaccines since vaccination rollout started in mid-February. Originally, Mongolia had planned to vaccinate 2 million 67 thousand people above the age of 18, however, since June the country has vaccinated 290 thousand children aged between 12-17 as well as pregnant women.
Unfortunately, the rapid global spread of the Covid-19 Delta Variant is causing serious concern – especially after the first cases of the dangerous mutation were recently registered in Mongolia. Therefore, the Mongolian Government has decided to vaccinate its population with third doses of the vaccines. According to official sources, the third doses will be the AstraZeneca vaccine; the new vaccination rollout will begin in August. The first to receive the third dose will be elderly people above 65 years of age. Then mass vaccination rollout of booster doses will start in October.
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COVID-19: 1,735 new cases, 11 deaths reported www.montsame.mn

On July 11, 1,735 new cases have been detected after conducting tests nationwide within the past 24 hours, reported the Ministry of Health through their Facebook page.
More specifically, 873 new cases were detected in the capital city and 861 cases in rural regions, with one passenger that arrived from abroad testing positive.
As of today, the total number of confirmed COVID-19 cases in Mongolia now stands at 137,788. In the past 24 hours, 3,796 patients made recovery, bringing the total recoveries to 103,666.
Furthermore, 11 new COVID-19 related deaths have been reported, raising the country’s death toll to 684. Of the patients currently undergoing treatment at hospitals, there are 8,307 patients in mild, 3,412 in serious, 1,051 in critical, and 227 in very critical condition.
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President of Mongolia U.Khurelsukh holds telephone conversation with President of Russia V.V.Putin www.montsame.mn

On July 9, President of Mongolia U.Khurelsukh held a telephone conversation with President of the Russian Federation V.V.Putin.
Expressing gratitude to President of Russia V.V.Putin for congratulating him on being elected as the President of Mongolia, President U.Khurelsukh expressed readiness to work in close cooperation with the Russian president in aims of further developing the Mongolia-Russia comprehensive strategic partnership in all sectors.
The sides discussed a wide range of issues regarding bilateral relations as well as regional and international cooperation.
Noting that the Mongolia-Russia relations are continuing normally during the current COVID-19 pandemic situation, the two Heads of State highly valued the significance of marking the 100th anniversary of the establishment of diplomatic relations between the two countries on both sides throughout the year, and agreed that the rest of the events planned for the anniversary should be implemented as scheduled.
In the framework of the objective to enhance bilateral trade and economic cooperation, they also agreed that the implementation of large-scale projects, such as the renovation of train cars being used by ‘Ulaanbaatar Railway’ Mongolian-Russian Joint Stock Company, construction of new railroads, and energy projects, as well as the joint study being carried out on establishing a free trade agreement between Mongolia and the Eurasian Economic Union should be accelerated.
Noting the progress being made in the implementation of the Mongolia-Russia-China Economic Corridor Program, the two sides expressed readiness to support the progress of the construction project for the natural gas pipeline connecting Russia and China through the territory of Mongolia.
They then expressed their confidence in being able to quickly overcome the challenges posed by the COVID-19 pandemic by expanding bilateral cooperation and being actively involved in international cooperation for measures against the pandemic.
After agreeing to hold an official meeting once the pandemic situation eases, President of the Russian Federation V.V.Putin invited President of Mongolia U.Khurelsukh to the Eastern Economic Forum that will take place virtually in September this year.
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Mine Closure 2021 (update): Preliminary program is posted on the website www.mongolianbusinessdatabase.com

36 research papers, presentations of best practices from 14 countries such as Australia, Canada, Germany, France, Norway, Sweden, South Africa, UK and US will be presented and experience, business offers will be shared on B2B meetings and exhibition at the 14th International Conference on Mine Closure 2021 (ICMC) between 17-19 August in Ulaanbaatar, Mongolia, the first event in Asia! The event will be in hybrid mode as both in virtual (Airmeet) and physical formats.
The Preliminary program is now available at the event website and please visit and see the agenda on the direct link https://mineclosure2021.com/preliminary-programme/
Please get in touch if you would like to promote your company’s product or service. We have a variety of sponsorship and exhibition opportunities available and are actively seeking to form new partnerships.
Contact us via phone: (+976) 99066062, 99119657, Email: mineclosure2021@qmc.mn for general inquiries.
The registrations will close on July 30. 2021
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Mongolia keen to broaden economic, cultural ties with Bangladesh www.dhakatribune.com

With its political continuity and well-thought-out developmental plans alongside economic sustainability, Bangladesh not only stands out in South Asia but also other developing countries, says Mongolian Ambassador to Bangladesh G Ganbold.
“I think these accomplishments of sustainable economic growth are internationally acknowledged,” Ambassador Ganbold told UNB in an interview noting that there are many other scopes for further broadening bilateral relations between Bangladesh and Mongolia in the areas of cultural exchange, trade and economic cooperation.
He said Bangladesh, as an emerging and growing economy, is accomplishing truly impressive socio-economic growth under the dynamic leadership of Prime Minister Sheikh Hasina.
Apart from impressive development in infrastructure, including highways, electricity and drinking water supply in rural areas and increased agricultural production, poverty reduction, vaccine coverage of under 5 years old children, per capita GDP growth, Bangladesh is leading other developing countries, said the Ambassador.
“We’re both Asian and developing countries with parliamentary democracy and market economy,” he said, adding that Mongolia was one of the first five countries that recognized Bangladesh’s independence because of which some countries even went to terminate its diplomatic relations with Mongolia.
Mongolia also co-authored the UN resolution together with India and Bhutan in support of Bangladesh.
“We’re enjoying excellent bilateral relations ever since then and have successfully been collaborating on the international arena,” he said, extending his warm greetings to Bangladeshi friends on the occasion of the 100th anniversary of Mongolia's National Day that falls on July 11.
Responding to a question, the Ambassador said being developing countries, they both have the same challenges like benefits of sustainable economic growth need to be seen through the welfare of people.
He said Mongolia is richly endowed with natural and agriculture-based resources and light industries while Bangladesh is well known with its textiles and readymade garment and pharmaceutical industries.
“Therefore, we can learn from each other’s experience and also promote mutually beneficial trade and economic relations. With the advent of modern means of transport and ICT tourism is growing exponentially,” said the Mongolian envoy.
He said, “We all know this challenge of pandemic alike the earlier ones will be extinguished with our combined efforts. Once, good days are coming.”
The Ambassador said tourism has multiple significance in discovering a new land and meeting with peoples and building meaningful collaboration across the globe. “Our economies are still dependent on climate and calamities thus, we need to intertwine our efforts against adverse effects of climate change and natural disaster risks like earthquake, flood, drought, typhoon or zud (snow famine) and industrial accidents with mass implication.”
As a sparsely populated country with four distinct seasons and beautiful sceneries including eternally snow-capped mountain ranges, Mongolia hosts nearly 4.7 to 5.0 lakh tourists annually.
With the completion of construction of a new airport and emerging new hotels, Mongolia expects their number to grow up to 10 lakh within the next few months.
“Mongolia enjoys friendly relations with all neighbouring countries and is known as the shortest route-binding Asia with Europe,” said the Ambassador.
Talking about similarities between Bangladesh and Mongolia, he said from a young age they were reading renowned literary figure Rabindranath Tagore and through his works got acquainted with hard working and proud Bengali people.
“We’re from a landlocked country so perceive Bangladesh as an amazing land of lakes, and experienced bridge and boat- builders. We need to encourage more cultural exchanges and tourism so that our two countries know each other more closely and benefit from their excellent bilateral relations,” he said.
The Ambassador said their people are similar with their openness and hospitality and they are eager to learn and hard working. “Youth delegations and students’ teams need to be exchanged on a reciprocal basis to let them become acquainted with one another more closely.”
The envoy said he visited several museums, historical and sightseeing places in and around Dhaka like Lalbagh, Taghat palace, Cox’s Bazar, National Museum and Sangsad Bhaban. “Based on my limited experience, I’ve got the impression that Bangladesh is a land of bridges, and boat builders.”
“I wish to arrange an exchange of folk arts troupes which are truly fascinating and represent their respective cultures,” he added.
The Ambassador wants to visit the site of the boat-building workshop, and see how they build many different boats. “Varieties and craftsmanship of boat construction in Bangladesh are really amazing! They’re indeed tangible heritages which ought to be preserved and further promoted as a national brand of tourism and sports.”
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Mongolia selects flagbearers for Tokyo 2020 Opening Ceremony and unveils team kit www.insidethegames.biz

Judoka Duurenbayar Ulziibayar and basketball player Khulan Onolbaatar have been selected as Mongolia’s flagbearers for the Opening Ceremony of the delayed Olympic Games here.
The two athletes received the Mongolian flag from the country’s President Khurelsukh Ukhnaa in a special ceremony.
Onolbaatar will be the first woman to have the honour at the Opening Ceremony in the Japanese capital on July 23.
Mongolia’s previous 27 flagbearers in Summer and Winter Olympics have all been male, dating back to the country’s maiden appearance in the Winter Games at Innsbruck in 1964.
The International Olympic Committee approved a measure to allow nations to select male and female flagbearers last year, as part of a drive for increased gender equality.
Onolbaatar forms part of Mongolia’s women’s 3x3 basketball team, which qualified for the Games through the International Basketball Federation world rankings.
Mongolia will be one of eight teams in the women’s 3x3 basketball event, as the discipline makes its Olympic debut.
"I'm happy for sure," Onolbaatar said.
"But the biggest emotion is the pride to be Mongolian.
"I just can't wrap my head around the idea that I am given this huge opportunity on the biggest stage in sports, at the Olympics.
"It is every athlete’s dream to represent your country on the biggest stage possible.
"Female Mongolian athletes have been performing really strong in international competitions.
“Becoming the first woman to carry the flag at the Olympics is such an honour.
"I am so just so proud right now."
Ulziibayar will also be one of Mongolia’s flagbearers in the Opening Ceremony.
The judoka has secured medals at several international events during his career, including a bronze medal at the 2018 World Judo Championships.
Ulziibayar won silver medals at the Incheon 2014 and Jakarta 2018 Asian Games.
Ulziibayar is due to compete in the men’s over-100 kilogram competition in Tokyo, with the 27-year-old one of seven judoka’s representing Mongolia at the Olympics.
The Mongolian National Olympic Committee (MNOC) has also released the Olympic teams’ official kit for the Games, as part of efforts to create a "Mongolian brand".
The organisation selected a "Khimori" design by Michel Amazonka LLC, after a tender process involving 10 companies.
The MNOC revealed it has used a creamy white colour to enhance the look of the kit, which will combine with an "elegant and stylish design".
Small details have been added on the sleeves and collar in red and blue, which feature on the national flag.
The MNOC explained that a triangular shape of the top of the athlete's uniform is a symbol of high heights and a blessing for winning a gold medal.
The organisation said the ceremonial attire was produced with dark blue fabric, enhanced by silk to ensure durability, colour retention, lightness and fit.
The design includes the head of the horse, embroidered with a gold thread on each side, combined with modern graphic techniques and national patterns.
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Kpay Launches Mongolia's First Cryptocurrency For Seamless Cross-border Payments www.globenewswire.com

ULAANBAATAR, Mongolia, July 10, 2021 (GLOBE NEWSWIRE) -- With the growth in the online payment industry, the internet and technology has continued to improve the very existence of our living. Payment giants like PayPal, Skrill, WeChat AliPay, and Stripe offer seamless cross-border payment services across different countries. As good as this may sound, these payment gateways have also denied so many countries from accessing their services, including Mongolia.
Most Mongolians are left with the option of using traditional banks and financial institutions to make international payments. However, in a bid to liberate Mongolians so that they can enjoy seamless cross-border payments, the team at Kpay is pleased to announce the introduction of Khaan Coin to the crypto community. Khaan Coin is Mongolia's First cryptocurrency to hit the crypto space.
Khaan Coin (KCOIN)
Khaan Coin, with the symbol KHN, is Mongolia's First cryptocurrency. It is the native token or currency of the Kpay ecosystem. Kpay users can use this token to purchase goods and services on the Kpay platform. They can also use the token to pay for their transaction fees and get a discount.
KCOIN is projected to deliver maximum value in Magnolia, as payment giants like PayPal, Skrill, WeChat, AliPay and Stripe do not work in the state. What's more? Users can use KCOIN to facilitate cross-border payments in real-time.
Why Khaan coin?
When it comes to online payment services in Mongolia, Kpay is second to none. Kpay relies on Khaan Coin to help digital entrepreneurs to send and receive cross-border payments.
Khaan Coin is designed and developed based on Binance's BEP20 protocol, which means transaction fees on the network will be very low compared to other online payment services. Below are the reasons you should consider using Khaan Coin for your cross-border transactions:
Low Transaction Fees
Compared to traditional banks and other financial institutions, transactions on the Khaan Coin come at a low cost. Banks usually charge all manners of fees, ranging from VAT, maintenance fees, and operational fees. But on the Kpay ecosystem, you don't get to pay any of these fees.
Fast Transaction
Instead of waiting for days for your bank to transfer funds from your account to pay your suppliers, contractors, and freelancers, you can use Khaan Coin to facilitate fast transactions. All payments on the Kpay platform are instant without any delays.
Crypto Payment
Khaan Coin guarantees smooth crypto payment. If you are a crypto trader, once Khaan Coin launches on an exchange, you will have the opportunity to trade Khaan Coin for profits. You will also be able to stake and farm this token to generate passive income.
About Kpay
Kpay is an online payment provider that is poised to deliver top-notch cross-border payment services. Banking services have gone beyond the shore of any country; more so, payment processors like PayPal, Skrill, WeChat, AliPay, and Stripe have continued to deprive Mongolians from offering online services to their clients across the world. These payment processors are the major players in the industry. So then will an average Mongolian receive funds from other countries?
This is exactly where Kpay comes in through Khaan coin. Khaan coin helps Mongolians to quickly facilitate cross-border payments. Whether you are an affiliate marketer, e-commerce merchant, or a freelance contractor, you can use this Kpay to receive funds from your clients across the world. The mission of Khaan coin is to connect the world so that Mongolians can send and receive cross-border payments with ease.
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