BankingBusiness

Mastercard: Partners with Bank of Mongolia for EMV Chip Conversion

  • Bank of Mongolia announced Mastercard as its partner of choice for the implementation of chip migration
  • The announcement marked a significant milestone as Mongolia is among the final markets in Asia Pacific
  • Mongolia has shown remarkable economic transformation over the past 25 years, increasing its GDP per capita by a factor of 10
  • Strong growth over the past two years, following a slowdown in 2016, made sustainable
  • Mastercard actively assisting Mongolia as it opens up its market by helping to establish a safe
  • The signing of this partnership agreement enables Mongolia to establish a strong EMV infrastructure utilizing Mastercard’s M/Chip technology
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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