Mongolia

mkt_mn
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QR-led mobile acceptance complements bank cards and tugrik transfers in Mongolia. Digital payment services connect merchants across a large, sparsely populated territory, serving approximately 3.57 million residents in 2025 in an economy whose GDP per capita was close to US$7,100.

Alpha-3:MNG
NUM:496
Population
3.6M
GDP
$25B
GDP per Capita
$7K
GDP Growth
6.8%
Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Mongolia

Mongolia's QR and card payments coexist with a need for tugrik cash outside Ulaanbaatar. ATMs thin beyond the capital, and some shops reject cards, making geography as important as digital adoption for access to physical currency.

ATMs (PER 100K)
18.9
BANKS (PER 100K)
57.7
DEBIT CARDS (PER ADULT)
2.3
CREDIT CARDS (PER ADULT)
0.0
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IMF, Financial Access Survey (FAS), 2025

Payment Methods

Estimated Monthly Usage, Aurato Research, October 2026

Schemes

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Systems

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PSPs

Compliance

Standards