Mongolian Tugrik (MNT)
Mongolians typically pay either with cash or by electronic payments. eCommerce is helping the country overcome geographical obstacles and develop its economy. Mongolia has improved its technological systems to aid this, such as increasing internet connectivity and boosting digital literacy among its youth. However, cross-border digital payment options remain limited.
Population
Banked Population:
Main industries
Construction, Mining, and Agriculture
Main imports
Refined Petroleum, Cars, Delivery Trucks, Trailers, and Electricity
Main exports
Copper Ore, Coal Briquettes, Gold, Iron Ore, and Animal Hair
$4,946.8
Per capita (USD)
4.8%
Growth annually
124
World ranking
Total volume of digital payments projected to reach
$4,065.00M (USD)
