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Mobile Bank transactions reach MNT 3.1 trillion www.montsame.mn
Ulaanbaatar /MONTSAME/ The Bank of Mongolia’s mobile bank statement reports that Mobile Bank transaction in the first quarter of 2017 reached MNT 3.1 trillion, showing 2.7 times increase compared to the same period of previous year.
Also, a total of 2.8 million people has been using the mobile bank application. More and more advanced technologies with easier online transaction systems are being introduced to the market. For example, local commercial banks are opening their online platforms and new services for smart phones.
Trade and Development Bank has introduced #TDBPAY, a new transaction service for both business owners and buyers.
Using QR codes, Trade and Development Bank and Khan Bank users can now receive and make transactions. The user’s account information is changed into QR code and can be used on every commercial bank’s mobile applications. Also, Golomt Bank has introduced “Socialpay” service. Using the "Socialpay", the user can use their social network accounts, such as phone number, e-mail address, twitter and facebook accounts, to make transaction and locate nearby people for transaction using their smart phone’s GPS service.
Published Date:2017-08-29
