As part of its commitment to advancing technological innovation and expanding international connectivity in Mongolia’s financial sector, TransBank has successfully established a partnership with China’s leading technology company, Pax Computer Technology (Shenzhen) Co., Ltd.

Through this collaboration, TransBank is fully equipped with the necessary hardware, software solutions, and professional consulting and support services provided by PAX Technology, enabling seamless integration into the global digital financial network.

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PAX Technology – A Trusted Partner in Global Payment Infrastructure

Pax Computer Technology (Shenzhen) Co., Ltd is a globally recognized provider of advanced payment technologies, offering payment devices, smart POS terminals, and fintech solutions across more than 120 countries. The company delivers cutting-edge, internationally compliant solutions that power the global payments ecosystem.

In addition to hardware supply, PAX Technology also offers a comprehensive suite of services, including:

1. System architecture planning;
2. Integration and data protection solutions;
3. Specialized software and device management tailored for banks and financial institutions.

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Technological Foundation for CIPS Integration

TransBank has successfully ensured the reliable operation of its connection to the international CIPS (Cross-Border Interbank Payment System) for RMB settlements by fully implementing the required technical infrastructure and software solutions through PAX Technology.

This has enabled TransBank to:

1. Unlock new opportunities for conducting RMB transactions with China and other international partners;
2. Leverage the latest, secure, and high-speed transaction technologies for cross-border payments.