Bank Index

Hipay

E-money or payment institution · Mongolia · overall 4.8 / 10

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How this 4.8 is built

Average of 10 scored needs: 4.8. Regulation in Mongolia: 50/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. Scores set by its kind of institution.

Hipay is recorded in the global register as an e-money or payment institution in Mongolia. The register shows its licence as licensed. Collected from open registers. We have not checked this company by hand yet.

On its own website: “Hipay нь дотоодын болон олон улсын төлбөр, QR төлбөрийг нэг дороос хийх боломжтой ухаалаг төлбөрийн аппликейшн юм. Alipay+ болон WeChat Pay-ээр төлбөр хүлээн авдаг дэлхийн олон сая худалдаа, үйлчилгээний цэгт хурдан, аюулгүй, хялбар төлбөр хийх боломжийг олгоно.”

Licence confirmed
yes, on a regulator's own list
Website
hipay.mn

Scores, 0 to 10

6.0Asia-Pacific (SG, HK, AU, JP, KR)
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
6.0Fast digital onboarding
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
6.0Online businesses: e-commerce and SaaS
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Lowest fees
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Fintech companies that need a partner bank
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Startups & VC-backed companies
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.0Cross-border payments, FX and multi-currency accounts
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.0Business cards (Visa, Mastercard)
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
4.0Financial strength & stability
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
3.5Trade, manufacturing & import-export
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
2.0Best interest on business balances
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.