A partnership with American Express has made Golomt Bank the exclusive merchant, acquirer and processor of American Express transactions in Mongolia, enabling AmEx cardholders to access the Golomt Bank ATM network throughout the country.

"We are delighted that American Express selected us as its exclusive partner in Mongolia. American Express enjoys the reputation of a pioneer and is still the most prestigious of all service providers in the global card business. Some weeks ago, we launched Mongolia's first EMV Chip Card bringing the highest standards of global security and efficiency to the nation's card market. Today, we are commencing the acquisition business of American Express through our branch, electronic and merchant networks. It is almost a decade since Golomt Bank pioneered the launch of charge and credit card banking in Mongolia, but we do not rest on our laurels, and remain committed to offering our clients the very best electronic and physical banking and financial services products as we remain at the leading edge of banking technology," said John Finigan, CEO of Golomt Bank.
Since its inception in 1995, Golomt Bank has been a pioneer in Mongolia launching many financial products and services for the first time in the history of the country's banking and finance industries. Golomt has consistently met the strict requirements set by the Bank of Mongolia, striving in every way to gain the utmost trust and confidence from its clients. As a result, Golomt has rapidly grown into the largest private and commercial bank in Mongolia.

 

Source: Montsame

Jan 12, 2009