Month: June 2024

TransBank, a provider of international-standard private banking services, is committed to delivering innovative financial solutions that promote sustainable development for its customers.

In line with this commitment, TransBank, in collaboration with global payment networks Visa International and UnionPay International, proudly introduces Mongolia’s first-ever premium stainless steel debit and credit card – the “Billionaire” Metal Card – in 2024. This cutting-edge product features a sleek, durable design crafted from pure metal, setting a new benchmark in the domestic banking sector.

The launch of this first-of-its-kind metal card in Mongolia represents a historic milestone that elevates the quality and standards of card-based payment services. Custom-designed to reflect the distinctive lifestyle of our high-net-worth clientele, the “Billionaire” Metal Card stands as a symbol of prestige and exclusivity.

Key Features of the Stainless Steel “Billionaire” Metal Card:

1. Premium Stainless Steel Design:Crafted with precision, the card features a robust structure, minimalist modern aesthetics, and a user-friendly Quick Read layout.
2. Exclusive Privileges: Cardholders enjoy access to a wide range of premium benefits, including domestic and international concierge services, airport lounge access, and discounts and offers from partner brands.
3. Advanced Security: The card is equipped with three secure payment technologies – EMV chip, contactless, and magnetic stripe – ensuring seamless and secure transactions.
4. Unlock Purchase:The card provides the highest daily transaction limits and credit lines available in the market.
5. Market First: TransBank is the first in Mongolia to introduce a Diamond-tier UnionPay metal card. Notably, the card includes exclusive Limo Service access in the Asia-Pacific region for the first time.

By introducing Mongolia’s first pure metal payment card, TransBank marks a significant milestone in the nation’s financial sector. In today’s rapidly evolving digital landscape, we are committed not only to offering the latest technological innovations but also to providing premium financial products tailored to the unique lifestyles and expectations of our customers.

Since 2023, TransBank has been actively implementing a range of projects aimed at establishing an independent digital payments infrastructure, resulting in the successful deployment of the advanced “TranzAxis” card management platform developed by UK-based Compass Plus Technologies, and achieving full principal membership with Visa International, direct participation in the National Electronic Transaction Center under the Bank of Mongolia, and principal membership with UnionPay International.

For more information about the TransBank “Billionaire” Metal Card and its exclusive benefits, please CLICK HERE.

The card can be ordered through Internet Banking, the TransBank Mobile App, or by visiting your nearest TransBank branch.

Customer Service Center: 1800-9999

TransBank has signed a partnership agreement with Priority Pass (A.P) Ltd to provide convenience during international flights for its Billionaire cardholders, the first and world-leading PRIORITY PASS™ program from Collinson Group.

As part of this partnership, Transport Development Bank’s high-class Billionare Visa cardholders will become members of the PRIORITY PASS™ program. This will allow Billionare Visa cardholders to access over 1,500 high-class lounges in over 600 cities in 145 countries around the world at the same membership price as their international flight at www.prioriypass/transbank.com.

TransBank has directly connected to the world-leading Visa International organization’s “Visa Net” network. “Visa Net” is the world’s largest and most centralized network that provides security for the transmission, verification, and execution of electronic payments based on international card payment technology, infrastructure, and innovation.

By implementing a series of projects to create an independent digital payment system from 2023, the TransBank has become a full member of Visa International, a direct participant in the National Electronic Transaction Center under the Bank of Mongolia, and a full member of Unionpay International, with independent card software based on the latest “TranzAxis” platform of the card payment management system of the UK-based “Compass Plus Technologies”.

This allows TransBank cardholders to quickly access more than 100 million service providers from more than 15,000 banks and financial institutions in more than 200 countries around the world. In addition, the bank is working to ensure the safety and reliability of its cardholders’ payments with the help of the “Fraud monitoring system” to prevent the risk of payment card fraud and the “VAA system” of VISA International’s security control and monitoring on the Visa Net network.

In addition, Transport Development Bank’s client businesses have opened up a new avenue and opportunity for expanding their business operations by accepting card payments from 4.2 billion VISA cardholders worldwide.