ceo, megaball
He has 14 years of experience as an IT, system administration and for the last 12 years, he has been managing the Information Technology Department of the Mongolian Central Securities Depository.
Mr. Gerelt and Mr Naranbat, mr. Tsolmon have many friends in common and have known each other for many years. After the establishment of Mongolian Mutual Group, Director Mr. Naranbat has obtained permission from the Ministry of Finance of Mongolia to hold a lottery in 2020.
So, in 2021, B. Geretul was invited to join the lottery team and became a business partner.
Together, they worked for a whole year to import a lottery that fully meets American standards, and bought the matching machines used in the famous US Megamillions lottery from the manufacturer “Smart play”.
Thus, in December 2022, they launched the “Megaball” lottery, which fully meets American standards, is beneficial to society, and has a jackpot fund of one billion MNT, the largest jackpot in Mongolia. Currently, the “Megaball” lottery regularly reaches viewers on UBS and TV9, the reputable local broadcast, every Wednesday and Sunday from 20:30.
“Megaball” lottery aims to bring the Mongolian lottery game market to a next level. Lottery participants participate in the lottery through the app.
The lottery has joined Hipay app, leading comprehensive payment platform in Mongolia.
High Payment Solutions” LLC is a company that has received four major approvals from the Bank of Mongolia. Specifically, in 2018-2019, a data center connected to the Bank of Mongolia via fiber optic cable was established. On October 24, 2019, it received the “Card Acceptor” special license from the Bank of Mongolia, making it the only fintech company with this special license in addition to commercial banks. Also, in 2020, it was connected to the automatic clearing house system for low-value payments. In 2021, the Bank of Mongolia received a special license to issue electronic money. It became the only fintech company connected to the Bank of Mongolia via fiber optic cable.
“High Payment Solutions” LLC has undergone an offsite and onsite audit by “ROCK PTE” LTD located in Singapore, and has the advantage of meeting PCI DSS 3.2.1 or payment information security standards with 6 groups, 12 main principles, and more than 200 sub-requirements.
“Megaball” lottery plans to donate 2 billion MNT from its operating income to the health and education of Mongolian children every year. In other words, it is the first Mongolian lottery where every participant wins together and remains satisfied together.
In December 2022, “Megaball” LLC introduced the first Mongolian lottery, Megaball, which fully meets American standards. This lottery introduced the lottery machine used in the famous US lottery Megamillions. “Megaball” lottery opened a completely new page of lottery in Mongolia and managed to create the highest prize pool in history. The lottery jackpot started with 1 billion MNT and it was decided to donate 50 percent of the income to the health and education of Mongolian children. “Megaball” company planned to provide 1 billion MNT for the healthcare of 1000 children and another 1 billion MNT for the education of 1000 children annually. In other words, two billion MNT from the operating income will be invested in Mongolian children in each year. This is a first socially beneficial lottery in Mongolian history.
