In the first nine months of 2019, the number of mobile users increased to 4.5 million, up 10.1 percent compared to the same period of the previous year. Industry companies highlight that the digital use of Mongolia is comparable to developed countries.The number of data users exceeded three million in the first half of the year, according to the Communications Regulatory Commission. In terms of other economic data, the total revenue from the postal and telecommunications sector reached MNT 878.2 billion in the first nine months of the year, up 18.5 percent, according to the National Statistical Office (NSO)’s report. Mobile communication companies made up 55.4 percent of the total revenue. In addition to the mining and financial sectors, the third-largest sector in the Mongolia’s economy is the telecommunication sector, said Tatsuyama Hamada, the Chief Executive Officer of Mobicom Corporation.The Bank of Mongolia (BoM) also signed to deal with Mastercard International to transform the “₮” card into EMC chip technology, as we reported recently. Allowing the EMV chip enables customers to transact remotely and faster. The BoM plans to implement the project in 2020.In spite of improvements in the e-transition process, the security of information is becoming serious, sector representatives emphasized.

Published Date:2019-12-09