Press Releases
 
MobiCom and XacBank launch the "Candy" Payment Card

Ulaanbaatar, Mongolia, 9 November 2018 -- (ACN Newswire) -- On October 1, 2018, KDDI CORPORATION subsidiary MobiCom Corporation LLC announced at ICT EXPO held in Ulaanbaatar that it has launched the "Candy" Payment Card in partnership with major Mongolian bank XacBank.

MobiCom and XacBank concluded a partnership agreement in September 2017, in which XacBank would issue debit cards designed for MobiCom's Candy e-money which rewards customers with Candy cash-back worth 1% of the value of each purchase.

The Candy e-money service offers Candy cash-back reward when the card is used to pay for MobiCom services and purchases at Candy companies. Each Candy is worth 1 Mongolian tugrug (MNT), and can be used to pay for MobiCom services or purchases at more than 4,500 Candy merchants' online & offline shops.

In March 2018, MobiCom introduced Candy Pay, a prepaid e-money service that provides users with easy access to their Candy account through a smartphone app. Candy Pay users can use the app at merchant eco-system within Mongolia, and use QR codes for payments as well. These and other features have attracted interests from the FinTech field.[1]

Through its latest partnership with XacBank, MobiCom will continue to improve its services while also keeping an eye out for opportunities to provide new telecoms and financial services. This is how MobiCom contributes to development in Mongolia.

About MobiCom
MobiCom is a total telecommunications service provider, supplying mobile, fixed line and satellite communication services in addition to a wide range of ICT services, and holds the largest market share[2] of Mongolia's mobile subscribers.

KDDI has invested in MobiCom from its founding in 1995, making ongoing contributions to development of Mongolia's communications industry. KDDI will apply its accumulated worldwide knowledge and experience to continue powering the growth of MobiCom and Mongolia's telecommunications environment.

History
- Nov 1995 KDDI, Sumitomo Corporation and Newcom LLC enter the Mongolian market, establishing a joint telecommunications venture
- Mar 1996 Launched 2G GSM service
- Mar 2009 Launched 3G W-CDMA service
- 2011 Obtained ISO 9001 quality management system certification
- 2012 Obtained ISO 27001 information security management certification
- Aug 2014 Launched Candy Point Program
- Mar 2016 KDDI consolidated MobiCom
- May 2016 Launched 4G LTE high-speed data communication service in Ulaanbaatar
- Dec 2016 Launched Candy e-money service
- Mar 2017 Launched Candy Message Loan service
- Jul 2017 Obtained Mongolia's first international standard OHSAS18001 certification for implementation and operation of (MobiCom's) Occupational Health and Safety Management System
- Nov 2017 Introduced Mongolia's first carrier aggregation in 4G LTE
- Dec 2017 Received the Grand Prix at the "Entrepreneur Awards"
- Mar 2018 Honored by the Mongolian National Chamber of Commerce and Industry with the Chamber's Silk Road Award in the Best Socially Responsible Company category.
- Sep 2018 Mutually connected with the KHUR Mongolian national population database, enabling simplified contractual agreements using fingerprint verification.

Notes:
1. "FinTech" combines the meanings of "finance" and "technology" in reference to the application of state-of-the-art IT to innovative financial services and activities designed to create and explore new services.
2. Latest data, as of December 2017.

*This press release is an abridged translation of the press release announced in Japan.
https://news.kddi.com/kddi/corporate/newsrelease/2018/10/23/3439.html

# # #


Submitted by ACN Newswire, ACN Newswire on Friday, 9 November 2018 at 4:12 PM
Category: Enterprise Technology
 
Related News

Leverage Syntelli's MDM Solutions to Strengthen your Business Operations
Friday, 22 Feb 2019

Syntelli Joins Hands with Profisee to Deliver Best in Class Master Data Management Solutions
Friday, 22 Feb 2019

Leyou Technologies Enters into Shares Purchase Agreement with Meitu, Inc.
Wednesday, 20 Feb 2019

Growing Landscape of the Smart Home in China Market Outlook: Ken Research
Monday, 18 Feb 2019

Sipotek Technology Presents Visual Inspection Machine For Automated Inspections Of Missing Component
Monday, 18 Feb 2019

Related Events

Palo Alto Networks: PALO ALTO NETWORKS CYBERSECURITY SALES TRAINING
Tuesday, 26 Feb 2019

PV Operations Europe 2019
Wednesday, 27 Feb 2019

Palo Alto Networks: Executive Cloud Security Dinner
Wednesday, 27 Feb 2019

Palo Alto Networks: Brainstrom K-12
Sunday, 3 Mar 2019

Palo Alto Networks: METAA CTO CLINIC
Friday, 8 Mar 2019

Latest News

PhotoviewerPro: An extraordinary tool for photo editing
Sunday, 24 Feb 2019

Alpha-Arbutin Cream can Perfectly Brighten the Dark Spots on Your Face
Sunday, 24 Feb 2019

Hi-Rel Plastics & Molding, Inc is the Best Plastic Injection Molding & Plastic Blow Molding Company
Sunday, 24 Feb 2019

D.O.G. Provides the Best Dog Kennels in Miami
Saturday, 23 Feb 2019

The ideal Hearing Aids For your Money
Saturday, 23 Feb 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Sunday, 24 February 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • The Great Plains Laboratory Presents GPL Academy Practitioner Workshops
  • Applying Integrative Medicine in Everyday Practice
  • BCG DV Imagines
  • Pulmonary Hypertension CME Conference Feb 2019
  • Intuit Small Business Hackathon London

  • Latest Jobs
    Sorry, there are currently no entries posted here.