Mongolia is a landlocked country in East and Central Asia. It is bordered by Russia to the north and China to the south, east and west. Link to external site : Website for Mongolia |  |
| Wallets | |
| Development | Developing |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
3,929.79 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
2.103 Upgrade to Bronze |
| Currency | MNT |
| Class | |
| CountryISO | MN |
| Sovereignity | Country |
| Territory of | - NA - |
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{"type":"PieChart","data":[["Operator","Connections"],["MobiCom",1049799],["Unitel",470472],["Skytel",315817],["G-Mobile",267250]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",103224],["Q4 2001",182097],["Q4 2002",232107],["Q4 2003",293579],["Q4 2004",446622],["Q4 2005",595929],["Q4 2006",813211],["Q4 2007",1139831],["Q4 2008",1351156],["Q4 2009",1534257],["Q4 2010",1693044],["Q4 2011",1833747],["Q4 2012",1951418],["Q4 2013",2051371],["Q4 2014",2136943]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Agent",1],["Mobile",1],["Web",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Bank",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",1],["DW",1],["MB",1],["MM",1],["MP",1],["OP",1],["Trade",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",1]],"options":{"title":"Initiatives ( 1 of 1 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law system influenced by Soviet and Romano-Germanic legal systems; constitution ambiguous on judicial review of legislative acts Upgrade to Bronze |
| Law is based on |
Civil Code of 2002 based on German BGB Upgrade to Bronze |
| Approach | |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Bank Led Upgrade to Bronze |
| DominantModel |
Bank Led Upgrade to Bronze |
| E-Money |
No Emoney or mobile payment laws/regulations yet Upgrade to Bronze |
| Payment | |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",55.72],["Banked",25],["Internet",12],["Urban",57],["Adult",73],["Literate",97.2774]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 2.61 |
| Adult % | 73.00 |
| Migrants % |
0.37 Register/Log In |
| Stock Immigrants ('000) |
10.00 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
200.00 Upgrade to Bronze |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 57.00 |
| Female % | 54.00 |
| Literate % | 97.28 |
| Annual Growth % |
| Mobile Penetration % | 55.72 |
| Banked % | 25.00 |
| Access to FS % | 25.00 |
| Internet % | 12.00 |
| Branches per 100k adults | 56.75 |
| ATMs per 100k adults | 18.18 |
| POS per 100k adults | 448.42 |
| Prepaid % | 95.50 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 1.09 |
| Monthly ARPU |
10.74 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Long Term Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets | |
| Informal Market | |
| Cost To Remit | |
| Key Players |