The Bank is the largest player with the highest number of card merchants and the widest card acceptance in the Mongolian payments card sector and leads with a 60% market share of card transactions.

Following a comprehensive evaluation process Golomt Bank tapped BPC's SmartATM solution to manage its ATM network across the country. The Bank has achieved its leadership position by setting new standards in the local financial services industry, using new technologies and pioneering innovative, cost effective ways of expanding business and creating new products to benefit customers. As part of its ongoing program of using state-of-the-art technology and processes to enhance its service quality, efficiency and cost effectiveness, the Bank chose to implement a new ATM management system in cooperating with BPC Banking Technologies.

SmartATM is part of the SmartVista end-to-end e-payments suite and is a sophisticated ATM network management product. The new solution will allow Golomt Bank to significantly improve its ability to service and monitor its terminal networks. The Bank will also be able to introduce new services to its clients thanks to SmartATM's support for a wide range of standard ATM transactions including cash withdrawal, balance inquiries, PIN change, mini-statements, envelope cash deposit, and funds transfer. Value-added transaction services include cash-in, mobile telephone top-up, service activation and utility and bill payment. Extended ATM functions such as payment services, repayments, cash recycling, and currency conversion are also supported.

The solution will be integrated into the Bank's existing IT infrastructure providing a high-level of network resilience and a consequent improvement in customer service.

"As the pioneer of introducing MasterCard card and Visa card services in Mongolia, Golomt Bank has a strong focus on innovation in banking services and client satisfaction. We are looking forward to benefiting from our early mover advantage in the market and to strengthening our leadership position. SmartATM brings a wealth of state-of-the-art features and functions to deliver new services to our clients as well as providing us with a very effective platform to manage the network's operation," said Zorig Khaidar, Director of Card Management Center, Golomt Bank.

"As the ATM channel has grown increasingly important to banks, BPC created SmartATM - a sophisticated ATM network management system that allows clients effectively to service and monitor their ATM networks. We are proud to be working with such a progressive institution as Golomt Bank and are excited to raise the BPC flag over another new country," added Vasily Grigoriev, CEO, BPC Banking Technologies, "We are looking forward to building on this success to work with other banks in Mongolia".