- 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
Mastercard: Partners with Bank of Mongolia for EMV Chip Conversion
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