# QPay

> Source: https://docs.barcoder.ai/docs/standards/qpay
> research date 2026-05-29 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [QPay Mongolia — official](https://qr.qpay.mn/)
- [GLN × QPay Mongolia cross-border QR](https://www.prnewswire.com/apac/news-releases/gln-international-partners-with-sendmn-and-qpay-expands-the-qr-cross-border-payment-network-to-mongolia-302104463.html)

## Overview

**QPay** is **Mongolia's leading QR-payment platform** — distinct from Qatar's QPAY (an unrelated naming overlap) <sup>[1][1], [2][2], [Mongolia report](https://docs.barcoder.ai/docs/payments/MN)</sup>. QPay Mongolia operates **a 200,000+ store merchant network** across Mongolia, providing comprehensive QR-payment-acceptance infrastructure for the Mongolian economy. The structural milestone: **June 2024 — QPay partners with GLN International (Korea's cross-border-payment network) and SendMn** to **enable cross-border QR payments** between Mongolia and **11 countries + regions in the GLN global-payment network**.

The structural significance: **e-wallet users from 11 countries (via GLN) can now make QR payments at 200,000+ QPay stores in Mongolia**, while **users of 12 partner bank apps + 7 e-wallets in the QPay network can make QR payments across the 11 GLN-connected countries** — making Mongolia's QPay one of the most cross-border-active national QR networks in Central + East Asia. **Chinggis Khaan Bank** (Mongolian commercial bank) also operates **"Q-Pay" service** — adding bank-specific Q-Pay branding within the broader Mongolian QPay ecosystem. The cross-border focus addresses Mongolia's economic context — landlocked country with substantial cross-border trade + tourism with China + Russia + Korea + other regional partners.

## History

**Background — Mongolian payment landscape** <sup>[Mongolia report](https://docs.barcoder.ai/docs/payments/MN)</sup>:
- **Mongolbank** — central bank.
- **TDB Bank, Khan Bank, Golomt Bank, Chinggis Khaan Bank** — major Mongolian commercial banks.
- Strong mobile-money + digital-banking adoption.

**QPay Mongolia development** <sup>[1][1]</sup>:
- Comprehensive QR-payment platform.
- 200,000+ merchant network built.

**June 2024 — GLN International + SendMn + QPay cross-border partnership** <sup>[2][2]</sup>:
- Cross-border QR payments enabled.
- 11 countries + regions in GLN network.

**12 partner bank apps + 7 e-wallets** <sup>[2][2]</sup>:
- Substantial Mongolian ecosystem participation.

## Technical specification

QPay Mongolia is **Mongolia's QR-payment platform with cross-border GLN integration** <sup>[1][1], [2][2]</sup>:

| Layer | Description |
|---|---|
| **Operator** | **QPay** (Mongolian payment platform) |
| **Country** | Mongolia |
| **Currency** | MNT (Mongolian tögrög) |
| **Merchant network** | **200,000+ stores** |
| **Cross-border partner** | **GLN International** (Korea) + **SendMn** |
| **Cross-border launch** | **June 2024** |
| **GLN connected countries** | 11 countries + regions |
| **QPay network participants** | 12 bank apps + 7 e-wallets |

**GLN cross-border integration** <sup>[2][2]</sup>:
- e-wallet users from 11 GLN countries pay at 200K+ Mongolian QPay stores.
- Mongolian users pay at 11 GLN countries via QPay/SendMn.

## Use cases

**Domestic merchant QR payments** <sup>[1][1]</sup>: 200K+ store network.

**Cross-border tourist payments (inbound)** <sup>[2][2]</sup>: 11 GLN countries' users pay in Mongolia.

**Cross-border outbound for Mongolian users** <sup>[2][2]</sup>: Mongolian QPay users pay across GLN network.

**P2P transfers** <sup>[1][1]</sup>: Via 12 partner bank apps + 7 e-wallets.

**B2B + e-commerce** <sup>[1][1]</sup>: Business + online merchant integrations.

## Implementations & ecosystem

**Operator**: **QPay** (Mongolian).

**Cross-border partner**: **GLN International** (Korea-based global payment network).

**Mongolian remittance + payment partner**: **SendMn**.

**Mongolian banks/wallets participating**: 12 bank apps + 7 e-wallets (including **Chinggis Khaan Bank Q-Pay**).

**GLN connected countries** (11): includes major Asian markets like Korea, Thailand, Vietnam, Japan, etc.

## Fun facts

- **200,000+ Mongolian merchant network**: Substantial for ~3.4M-population country.
- **GLN cross-border June 2024**: Among the most active national-QR cross-border integrations.
- **11 GLN countries reachable**: Substantial geographic span.
- **12 bank apps + 7 e-wallets in QPay network**: Comprehensive Mongolian payment-ecosystem coverage.
- **Chinggis Khaan Bank Q-Pay**: Bank-specific subsidiary branding.
- **Naming overlap with Qatar QPAY**: Different products, same name — Mongolian QPay (200K merchants, GLN cross-border) vs Qatar QPAY (national e-commerce gateway with Fawran).
- **SendMn integration**: Mongolian remittance + payment-platform partnership.
- **Landlocked-country cross-border focus**: Mongolia's geography drives cross-border-payment value.

## Comparison

| Feature | QPay (MN) | [TWQR](https://docs.barcoder.ai/docs/standards/twqr) (TW) | [LankaQR](https://docs.barcoder.ai/docs/standards/lankaqr) (LK) | [NEPALPAY QR](https://docs.barcoder.ai/docs/standards/nepalpay-qr) (NP) | Korea's GLN |
|---|---|---|---|---|---|
| Operator | QPay Mongolia | FISC | LankaPay | NCHL | GLN International (KR) |
| Country | Mongolia | Taiwan | Sri Lanka | Nepal | Korea |
| Merchant network | **200K+** | 570K+ | 400K+ | n/a | n/a |
| Cross-border partners | **GLN 11 countries** | KR, SG, JP | Alipay+ | Sri Lanka + India | Asia + select |
| Launch | n/a (recent cross-border Jun 2024) | Oct 2023 | Oct 2020 | Mar 2022 | n/a |

## Status

**Active, cross-border-active** <sup>[1][1], [2][2]</sup>:
- **QPay Mongolian operator**.
- **200K+ merchant network**.
- **GLN cross-border** since June 2024.
- **11 connected countries**.
- **12 bank apps + 7 e-wallets** Mongolian participants.

## Sources

[1]: https://qr.qpay.mn/ "QPay Mongolia — official"
[2]: https://www.prnewswire.com/apac/news-releases/gln-international-partners-with-sendmn-and-qpay-expands-the-qr-cross-border-payment-network-to-mongolia-302104463.html "GLN × QPay Mongolia cross-border"
[3]: https://www.ckbank.mn/product/22?lang=en "Chinggis Khaan Bank Q-Pay"

- [1] [QPay Mongolia — official][1]
- [2] [GLN × QPay Mongolia cross-border][2]
- [3] [Chinggis Khaan Bank Q-Pay][3]
- <sup>[Mongolia report](https://docs.barcoder.ai/docs/payments/MN)</sup> `reports/countries/MN-mongolia.md`

## Deployments

Found in the following country reports (grep across `reports/countries/`):

- **MN** — [MN-mongolia.md](https://docs.barcoder.ai/docs/payments/MN)