Sony Pixel Power calrec Sony

MobiCom and XacBank launch the "Candy" Payment Card

10/11/2018

KDDI CORPORATION

October 23,2018

-- Ulaanbaatar, Mongolia 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 issues debit cards designed for MobiComs Candy e-money which rewards customers with Candy points 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.

At the ICT Expo on October 1, 2018:

XacBank CEO Boldoo Magvan (2nd from left) and MobiCom CEO Tatsuya Hamada (3rd from left).

The Candy-XacBank Debit Card

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.

Reference: MobiCom and XacBank launch the Candy Payment Card

(Reference) 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 Mongolias mobile subscribers.

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

History November 1995 KDDI, Sumitomo Corporation and Newcom LLC enter the Mongolian market, establishing a joint telecommunications venture

March 1996 Launched 2G GSM service

March 2009 Launched 3G W-CDMA service

2011 Obtained ISO 9001 quality management system certification

2012 Obtained ISO 27001 information security management certification

August 2014 Launched Candy Point Program

March 2016 KDDI consolidated MobiCom

May 2016 Launched 4G LTE high-speed data communication service inUlaanbaatar

December 2016 Launched Candy e-money service

March 2017 Launched Candy Message Loan service

July 2017 Obtained Mongolias first international standard OHSAS18001 certification for implementation and operation of (MobiComs) Occupational Health and Safety Management System

November 2017 Introduced Mongolias first carrier aggregation in 4G LTE

December 2017 Received the Grand Prix at the Entrepreneur Awards

March 2018 Honored by the Mongolian National Chamber of Commerce and Industry with the Chambers Silk Road Award in the Best Socially Responsible Company category.

September 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.

The information contained in the news releases is current at the time of publication. Products, service fees,service content and specifications, contact information, and other details are subject to change without notice.
LINK: https://news.kddi.com/kddi/corporate/english/newsrelease/2018/10/23/34...
See more stories from kddi

Most recent headlines

04/08/2024

Dalet Appoints Santiago Solanas as CEO to Lead Next Era of Growth and Innovation

Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....

03/06/2024

Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives

Dalet, a leading technology and service provider for media-rich organizations, a...

02/05/2024

Diamond Sports RSNs Go Dark On Comcast Systems

Bally Sports Regional Networks were taken off Comcast's systems on April 30 when their existing distribution agreement expired and Diamond Sports Group was ...

02/05/2024

Diamond Sports Group, DirecTV Renew Distribution Deal

SOUTHPORT, Conn. and EL SEGUNDO, Calif. Diamond Sports Group ( Diamond or the Company ) and DirecTV have announced that they have reached a multi-year renewal...

02/05/2024

Three Nexstar Stations to Become CW Affiliates

IRVING, Texas Nexstar Media Group has announced that its owned and operated television stations in Chicago, Illinois (DMA #3), Norfolk, Virginia (DMA #43), and ...

02/05/2024

FCC, FTC Ink Agreement to Cooperate on Net Neutrality Enforcement

WASHINGTON, D.C. The Federal Communications Commission and Federal Trade Commission have signed a Memorandum of Understanding to coordinate consumer protection ...

02/05/2024

Haivision Celebrates 20th Anniversary

MONTREAL Haivision Systems Inc. is marking its 20th anniversary by detailing some of the accomplishments and developments that have helped the company become a ...

02/05/2024

Agora Introduces Adaptive Video Optimization Technology

SANTA CLARA, Calif. Agora today unveiled its Adaptive Video Optimization (AVO) technology that uses machine learning to adjust parameters dynamically at every s...

02/05/2024

Study: Streaming Market Is Saturated But Subscriptions Continue to Grow

NEW YORK Kantar has released a new study showing the U.S. streaming market has hit a saturation point, with the household penetration rate stagnating and at nea...

02/05/2024

Samba TV To Spotlight New Capabilities For Generative AI Ad Solution

NEW YORK Samba TV is debuting new capabilities for Samba AI, the company's suite of generative AI technologies, at the 2024 IAB (Interactive Advertising Bur...

02/05/2024

GSTV Pumps Up Research, Programming at NewFront

GSTV, the network that programs screens at gas stations, will be talking about new research and new programming at its NewFront presentation Wednesday....

02/05/2024

May 01, 2024

New technique improves T cell-based immunotherapies for solid tumors Scripps Research scientists help T cells more effectively kill solid tumors cells in vitro ...

01/05/2024

Release Rundown: What to Watch in May, From I Saw the TV Glow to Power

Owen (Justice Smith) and Maddy (Brigette Lundy-Paine) develop an eerie connection to a supernatural TV show in Jane Schoebrun's I Saw the TV Glow....

01/05/2024

Celebrate May the 4th With Special Star Wars' Playlists, Audiobooks, and More

Spotify's Star Wars celebrations are in full Force starting today, and this ...

01/05/2024

Spotify's New Hardcore Gardening Playlist and Brain Dead Collab Will Rattle Greenhouses Everywhere

All around the world, millions of Spotify fans love listening to hardcore punk m...

01/05/2024

THE CALL FOR THE FIFTH PRESIDENTIAL EMPLOYMENT STIMULUS PROGRAMME (PESP5) FOCUSED ON THE AUDIO-VISUAL INDUSTRY, IS OPEN.

THE CALL FOR THE FIFTH PRESIDENTIAL EMPLOYMENT STIMULUS PROGRAMME (PESP5) FOCUSE...

01/05/2024

QTAKE Pioneers Live 3D Stream to Apple Vision Pro

QTAKE, the leading video assist and on-set collaboration software trusted by professional filmmakers worldwide, launched a new cutting-edge feature at NAB 2024....

01/05/2024

LA County Opens Entertainment Business Interruption Fund Grant Program for Small Business, LAEDC Offers Updates

In HPA's ongoing focus on providing input and insight from city and county g...

01/05/2024

Trailblazing AI Storytelling by Empowering Storytellers: Curious Refuge

HPA Newsline had the opportunity to speak with Caleb and Shelby Ward, founders of Curious Refuge. Caleb and Shelby were participants in the 2024 HPA Tech Retrea...

01/05/2024

Supporting Global Air Traffic Modernization through Managed Services Infrastructure

L3Harris works with air navigation service providers who efficiently manage air ...

01/05/2024

Q&A with Scott Alexander, Aerojet Rocketdyne's new Missile Solutions President

Scott Alexander, Missile Solutions President, Aerojet Rocketdyne...

01/05/2024

Comcast: More Than Half of Viewers Frustrated About Finding Content

NEW YORK Just over half of U.S. viewers are frustrated over their ability to be able to find content to watch on TV according to Comcast....

01/05/2024

Bally RSNs Go Dark On Comcast Systems

Bally Sports Regional Networks were taken off Comcast's systems on April 30 when their existing distribution agreement expired and Diamond Sports Group was ...

01/05/2024

NXTGENbps powers Molinare's Notorious DIT

NXTGENbps battery solutions are designed to replace diesel generators and offer silent, emission-free power for various applications in film, TV, outside broadc...

01/05/2024

Elodie Ichter Joins Light Iron as Senior Colorist

Light Iron, the post-production creative-services division of Panavision, is excited to announce that lodie Ichter has joined the company's artist roster a...

01/05/2024

CJP presents live mo-cap demos at MPTS

CJP Broadcast Service Solutions, systems integration, production and content digitisation specialist, will feature live motion capture demonstrations at the 202...

01/05/2024

Media Links Partners with Sunteq for Representation in S...

Media Links, manufacturer and pioneer in Media over IP transport technology, has partnered with Sunteq spol s.r.o., a leading reseller located in Slovakia to st...

01/05/2024

Dot Group Showcases Enhanced Data Management and Sustaina...

Dot Group, a leader in cutting-edge data management solutions and the premier European reseller of critical Broadcast supporting IBM technologies, will demonstr...

01/05/2024

Glensound shows the latest in IP audio at MPTS

Glensound, industry leader in high quality audio systems, is showcasing the latest additions to its extensive portfolio of networked audio products at MPTS. Aud...

01/05/2024

Hitomi Broadcast to demonstrate ST2110 MatchBox at MPTS

Hitomi Broadcast, a leader in audio/video alignment and latency solutions, will be demonstrating advancements in SMPTE ST2110 workflows ensuring broadcasters ha...

01/05/2024

Leading UK vendors join in the CABSAT 30th anniversary ce...

Taking a leading role in the 30th anniversary CABSAT exposition (Dubai World Trade Centre, 21 23 May), the GREAT Britain and Northern Ireland pavilion will fe...

01/05/2024

NXTGENbps Powers Notorious DITs Green Energy Initiative w...

NXTGENbps, a pioneer in green energy solutions, proudly announces its partnership with Notorious DIT, a leading provider of digital imaging technology services ...

01/05/2024

Videosys Broadcast Brings Pan and Tilt To Coverage Of The...

As Cambridge celebrated its double win over Oxford in the 2024 Boat Race, behind the scenes celebrations were also taking place at Videosys Broadcast to mark th...

01/05/2024

Live After 5' summer concert series returns to downtown Raleigh

A popular - and free - summer concert series is coming back to downtown Raleigh! WRAL is proudly partnering with Downtown Raleigh Alliance for its Live After ...

01/05/2024

Cadent Launches Performance TV To Boost Omnichannel Ad Results

Cadent said it launched Performance TV, designed to increase the effectiveness of campaign by combining the reach of traditional linear TV with the targeting of...

01/05/2024

Eric Johnson, KOMO Seattle Anchor, Sets Retirement

Eric Johnson, anchor at KOMO Seattle, will retire as of June 6. Johnson anchors the 5 and 6 p.m. weekday newscasts and writes/produces/hosts Eric's Heroes,...

01/05/2024

T-Mobile Dials Deeper Into Ad Business With Retail Network (NewFronts)

T-Mobile said it is expanding its advertising business, creating an in-store retail media network and adding Plex, the video streaming platform for its footprin...

01/05/2024

Samsung Ads Expands AI Tools To Target Streaming Viewers (NewFronts)

Samsung Ads said it was introducing new opportunities for advertisers to use data about its viewers to target viewers across the full marketing funnel at its Ne...

01/05/2024

Samsung TV Plus Swings for the Fences With Streaming Sports Channels (NewFronts)

Samsung's ad-supported streaming platform Samsung TV Plus is putting more sports in its lineup with free channels about baseball, golf, hockey, auto racing ...

01/05/2024

Dan Rather Documentary Offers Open-Book' Look at Newsman

Rather, a documentary about famed newsman Dan Rather, premieres on Netflix May 1. The film looks at his rise to prominence in TV news, including his work coveri...

01/05/2024

Ken Wayne, KRON San Francisco Anchor, Retires Next Month

Ken Wayne, evening anchor at KRON San Francisco, is retiring after 33 years in Bay Area television. He was born in Marin County, started his journalism career a...

01/05/2024

Jeff Blaszak Promoted To Senior VP at ShowSeeker

ShowSeeker, the company behind the Pilot cloud-based order management system, said it promoted Jeff Blaszak to senior VP of business operations and strategy....

01/05/2024

Great American Media Picks VideoAmp As Ad Currency

Great American Media said it reached an agreement with VideoAmp that will enable clients to use VideoAmp's ad buying measurement and data capabilities when ...

01/05/2024

NXTGENbps powers Molinaire's Notorious DIT

NXTGENbps battery solutions are designed to replace diesel generators and offer silent, emission-free power for various applications in film, TV, outside broadc...

01/05/2024

Amazon CEO: AWS has multi-billion dollar revenue run rate in AI already

Sales rose to $25bn during the first three months of 2024, up 17 per cent year-on-year By Matthew Corrigan Published: May 1, 2024 Sales rose to $25bn duri...

01/05/2024

Roku to Offer NBC Olympics Zone

NEW YORK NBCUniversal and Roku are teaming up to offer the NBC Olympic Zone on Roku, a new destination on the Roku Home Screen Menu. The dedicated channel wil...

01/05/2024

U.K.'s Freely Officially Launches

Freely the new streaming service backed by Britain's leading broadcasters BBC, ITV, Channel 4 and Channel 5 is now available through the next generation of ...

01/05/2024

Study: FAST Channel Growth Accelerates

NEW YORK A new report on free, ad-supported streaming channels indicates that their growth continues to accelerate, with the number of channels hours views and ...

01/05/2024

VuWall Unveils New Capabilities For VuStream 150 Video Encoder

MONTREAL VuWall has enhanced its VuStream 150 H.264 video encoder with new features and capabilities, including support for HDMI signals at resolutions up to 38...

01/05/2024

Samsung TV Plus Announces New High-Profile FAST Channels for Sports

NEW YORK At the IAB NewFronts 2024, Samsung Ads announced a new lineup of premium sports, music, family and entertainment content on its leading FAST service Sa...