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 |  |
| Brand | |
| Launched in | |
| Status |
Active Register/Log In |
| Launch |
2009 Jul Register/Log In |
| Importance |
Medium Register/Log In |
| Traction | |
| Evaluation |
Piloted in 3 locations Register/Log In |
| Account Type |
Stored Value Register/Log In |
| Business Model | |
| Class |
| Send | Services | Receive | ||||
|---|---|---|---|---|---|---|
 Agent  Mobile  Web |
 Account |
 |
 BB  DW  MB  MM  MP  OP  Trade |
|
Account |
Agent Mobile Web |
| Model |
bank based Upgrade to Bronze |
| Who Leads? |
bank led Upgrade to Bronze |
| Reach |
National Upgrade to Bronze |
| Active Users |
11,200 Upgrade to Bronze |
| Registered Users |
11,200 Upgrade to Bronze |
| Potential Mobile Market (m) |
2.103 Upgrade to Bronze |
| Regulations |
| Persona | |
| Purpose | |
| Active Services | |
| Card Type |
None Register/Log In |
| 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 Register/Log In |
| RegistrationProcess |
| Main Segment | Banked |
| Segment Description | Targeting 300000 customers including nomadic groups |