Gerege Systems LLC has received permission to operate as a payment processor by Mongol Bank (Central Bank of Mongolia) by fulfilling the requirements set forth in the Law on National Payment Systems.

With this special license, Gerege systems will be ready to launch its key products such as Gereg Smart POS, Gerege Tax POS, and Gerege Sales POS, which have been under development for the last two years.

During the award ceremony, Deputy Governor of Mongol Bank G.Enkhtaivan highlighted that it is important for fintech companies to comply with the law, introduce payment services that meet the interests of consumers, ensure confidentiality and security, and operate swiftly and reliably.

Gerege systems strives to work diligently to simplify and facilitate people’s everyday lives by taking advantage of the rapid technological advancements across the globe, deliver high-quality services to consumers, and become a leading international company in corporate governance.