Chairman ofthe Board of Directors of Sendly, who appeared on the stage, started hispresentation by sharing a story that happened to him. In 2016, he decided toget back the money transferred in shares from his friend in Australia. It wouldtake 2-3 days to transfer by bank, so his friend transferred 10,000 USD throughhis personal account to save time, and it was deposited into his account within30 minutes. But he found out that he only lost 300 USD in commissions. B.Naranbat, who was working as the Deputy Director of Finance at the State Bankat that time, realized that the banking sector.
Mongoliahas developed to a reasonable level, and he b2c email list considered himself a potentialbanker, but that was the first time he realized that there was a space that hehad not noticed, and a field that lacked solutions. The history of Sendly, aninternational money transfer application with 21,000 active users, began to bewritten. Investors determine the key value and metrics of a business. Duringthe past two years, 37,000 transactions were made through the Sendly app, and atotal of 11.2 million US dollars or 35.7 thousand tons of foreign currencyentered the economy of our country.
This numberis likely to continue to increase, as evidenced by the ever-expanding globalmarket for small remittances, which has begun to meet the daily needs ofmillions of people. Currently, the Sendly app has entered the markets ofAmerica (2020), Australia (2021), Japan (2021), England and 27 countries of theEuropean Union (2022), enabling Mongolians abroad to make money transfers totheir home countries within 10 minutes with minimal fees. forming is their mainadvantage. Mongolian youth with many years of experience in the field offinance and information technology developed an independent money transfersystem at an international level and successfully introduced innovativefinancial services.
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