Amar Xacbank Nomadic Banking Mongolia

XacBank, the Ulaanbaatar-based community development bank and microfinance institution, extends financial services to poor and underserved people, including nomadic groups, in remote and urban areas in Mongolia through cell phones and cash-handling a


Link to external site : Website for Amar Xacbank Nomadic Banking Mongolia
Amar Xacbank Nomadic Banking Mongolia
Brand
Launched in
Status
Launch
Importance
Traction
Evaluation
Piloted in 3 locations
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Account Type
Stored Value
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Business Model
Class
Send Services Receive

Agent


Mobile


Web


Account

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BB

DW

MB

MM

MP

OP

Trade
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Account


Agent


Mobile


Web

Model
Who Leads?
Reach
Active Users
Registered Users
Potential Mobile Market (m)
Regulations
Persona
Purpose
Active Services
Card Type
ServicesDescription
Channels
Payment Instruments
Cash I/O Description
2010 Jan: 1000 agents
Upgrade to Bronze
Cash I/O No Of Locations
Handsets
Technologies
Interoperability
Single bank
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RegistrationProcess
Main Segment Banked
Segment Description Targeting 300000 customers including nomadic groups

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