Licenses granted to fintech companies

2020-08-24 12:18:02

Ulaanbaatar/MONTSAME/. On August 21, the Bank of Mongolia granted the license of payment service to Fintech companies that qualified requirements stated in the Law on National Payment System.    

Specifically, a mobile banking processor license was issued to MOST Fintech LLC and a payment card processor license was given to M Chat LLC.

At the ceremony, Vice Governor of the Bank of Mongolia G.Enkhtaivan expressed confidence that the licensed Fintech Companies would introduce payment services that meet the interest of consumers, ensuring confidentiality and security and working reliably.


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