The following entities have satisfied the requirements stipulated in the Law on National Payment System and; therefore, have been licensed by the Bank of Mongolia to provide payment services in Mongolia.
- Payment card issuing and acquiring service: 12 commercial banks, "360 Finance NBFI" LLC, "BONUM" LLC and "Negdy Processer" LLC
- Payment card acquiring service: "Hipay" LLC, Ministry of Finance of Mongolia, "Data Bank" LLC
- Payment card issuing service: "ArdCredit NBFI" JSC
- Settlement agent: XacBank, GolomtBank, Trade and Development Bank, ArigBank
- E-money issuance service: "Mobifinance NBFI" LLC, "SuperUp Wallet" LLC, "ArdCredit NBFI" JSC, ”Toki” NBFI, "Hipay" LLC and "Data Bank" LLC and "Send MN NBFI" LLC
- Payment card clearing service: TDB (between its participants).
- Get outsourcing service: "KKTT" LLC, Golomt bank, Trade and Development Bank, XAC bank, Khan Bank, Capitron Bank, Arig Bank, National Investment Bank, State Bank, Bogd Bank, Transport Development Bank, "Mobifinance NBFI" LLC, "ArdCredit NBFI" JSC, “Netcapital Finance Corporation NBFI” LLC, “Super Up Wallet” LLC, "Toki NBFI" LLC and "BONUM" LLC
- Electronic funds transfer service: Most fintech LC
Click here to view the full list of licensed entities in Mongolia.