SocialPay is Golomt Bank's Mongolian payment app, using phone numbers and social identifiers to send and request funds. It combines QR or phone-number purchases at shops with an international virtual card for online spending, bringing bank-linked money into everyday mobile payments.
Estimated Monthly Usage, Aurato Research, November 2026
Payment approval can use biometrics and the payment app; stored credentials can be used for repeat payments. Merchant payments and person-to-person transfers are supported. Payments can connect across different schemes or rails.
SocialPay is Golomt Bank's Mongolian payment app, using phone numbers and social identifiers to send and request funds. It combines QR or phone-number purchases at shops with an international virtual card for online spending, bringing bank-linked money into everyday mobile payments.
Estimated Monthly Usage, Aurato Research, November 2026
Payment approval can use biometrics and the payment app; stored credentials can be used for repeat payments. Merchant payments and person-to-person transfers are supported. Payments can connect across different schemes or rails.