Hi-Pay selected ACI’s UP eCommerce Payments solution with its integrated secure payments gateway and fraud management capabilities, and connected with ACI’s UP Real-Time Payments solution, to provide a modern and internationally compatible payments system for the Mongolian market, which depends primarily on the domestic T-Card bank network. In addition to supporting the existing T-Card network, Hi-Pay will enable alternative payment methods such as Alipay and WeChat Pay, making these payment methods available through its own mobile wallet and merchant loyalty scheme.

“A growing number of Mongolian consumers are regularly shopping online, utilizing both domestic and cross-border eCommerce platforms to access an ever-expanding range of products,” said N.Battulga, CEO, Hi-Pay. “However, consumers need access to secure and reliable payment methods to shop domestically and across global platforms and marketplaces. ACI has a proven track record in helping payment service providers to scale and expand globally.”

“Through its flexible implementation of our immediate payments and secure eCommerce solutions, Hi-Pay is ideally positioned to lead the development of Mongolia’s payments ecosystem and connect it with the wider region—and the rest of the world—through global real-time payment initiatives,” said Leslie Choo, Managing Director – Asia, ACI Worldwide. “ACI’s extensive global network of payment endpoints gives Hi-Pay the technical connectivity and the adaptability needed to evolve with its market, easily adding relevant payment methods in the future.”