Улаанбаатар
Daily limit for digital transaction raised
Economy
Ulaanbaatar /MONTSAME/ National Electronic Transaction Centre (NETC) of the Bank of Mongolia raised the daily limit for digital transaction to MNT 3 million, from previous limit of MNT 1 million.
It is now possible to make payments up to MNT 3 million through digital channels 24 hours a day. Transactions within the limit will be made in 1-4 seconds despite location and the date.
The limit increase is based on a thorough study on citizens' and bank requests, related researches and estimates. The decision on limit raising was made to promote public use of digital payment.
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