Hipay
Hipay is a subsidiary of the Mongolian Fintech Group established in 2019, and is now the 2nd largest wallet in Mongolia with over 800,000 users to date. Hipay provides Mongolian users with a variety of payment services, including over 8,000 merchants and over 100 e-commerce websites.
Properties
The following table lists the product properties supported by Hipay:
Payment type | Digital wallet | ||
Funding source | Wallet balance, Bank cards, Easybuy online loan service | ||
Acquirer | AntomSG, AntomEU, AntomUK, AntomUS, AntomHK | Merchant entity location | SG, EEA, UK, US, HK |
Payment flow | Redirect | Refund | ✔️ |
Buyer country/region | Mongolia | Partial refund | ✔️ |
Processing currency | MNT | Chargeback/Dispute | ❌ |
Minimum payment amount | 100 MNT | Refund period | 365 days |
Maximum payment amount | No limit per day for KYC verified users | Revoke from wallet | ✔️ |
Time to return payment result | Real-time | Revoke from merchant | ✔️ |
Token expiration time | Unlimited | Token refresh | ❌ |
User experience
The following figures show the Hipay authorization process:
- The buyer selects Hipay to bind.
- The buyer is redirected to the Antom page, where a generated QR code is displayed.
- The buyer opens the Hipay app to scan the QR code.
- The buyer is redirected to the automatic payment service agreement signing page and checks the box to confirm the agreement and signing.
- The buyer enters the transaction password.
- The buyer completes the signing.
- The buyer is redirected to the merchant page to check the binding account information.
Supported online payment integrations
Antom offers a range of integration options tailored to each payment method. Each payment method may support different online payment integration options, allowing for flexibility based on your business requirements. The table below provides detailed information about the specific integrations available for each payment method: