Mongolia

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
Mongolia
Wallets
Development Developing
Send or Receive
GDP ($m)
HDI classification Medium
Mobile Connections (m)
Currency MNT
Class
CountryISO MN
Sovereignity Country
Territory of - NA -
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Channel Analysis
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COT Analysis
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Persona Analysis
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Products
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PI Analysis
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Central Bank
Key Regulations
Type of law
Legal System
Civil law system influenced by Soviet and Romano-Germanic legal systems; constitution ambiguous on judicial review of legislative acts
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Law is based on
Civil Code of 2002 based on German BGB
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Approach
Sectors active in Digital Money
Exclusivity
Certainty
Openness
Proportionate?
Allowed Models
DominantModel
E-Money
No Emoney or mobile payment laws/regulations yet
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Payment
Agent
Money Transfer
Taxation
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Population m 2.61
Adult % 73.00
Migrants %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
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
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
Registered Wallet Users
Top Wallets
Informal Market
Cost To Remit
Key Players

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