Payment mix
share of e-commerce spendCategoryLeading methodShare
- CardVisa35%
- QR / Mobile WalletGoogle Pay30%
- Cash—25%
- Bank Transfer—10%
Methods in use
top 8 of 17 · by spend
Checkout behaviour
The digital payments market is projected to grow 14.49% from 2025 to 2028, reaching US$6.7 billion total transaction value in 2025.
Apple Pay was introduced in 2024 and Google Pay in 2025, marking significant milestones in international payment integration.
Facts
- ISO 3166
- MN · MNG · 496
- Region
- Asia-Pacific
- Population
- 3.5M
- Currency
- MNT ₮
- Banked adults
- ~86%
- Methods live
- 17
- Banks covered
- 1
Largest banks
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Sources
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