Payment methods in Mongolia

Mongolia's dominant interoperable QR payment system, allowing users to pay from any Mongolian banking app. QPay is accepted at over 200,000 merchants nationwide, covering everything from supermarkets to street markets. In 2024, QPay expanded internationally, joining GLN's global network to enable cross-border QR payments in 11 countries and regions.

The mobile banking apps of Mongolia's leading commercial banks, Khan Bank and Golomt Bank, are core to the payment ecosystem. These apps support QPay integration, transfers, and bill payments, with the banks being among the country's most established financial institutions.

A popular mobile wallet solution in Mongolia supporting transfers, payments, and QR-based merchant acceptance. Most Money is among the leading payment gateways used for Mongolian e-commerce transactions.

A social-oriented payment application enabling peer-to-peer money transfers and merchant payments. SocialPay is part of the broader Mongolian Payments System (MPS) ecosystem and supports both in-store and online payment scenarios.

LendMN combines digital lending with payment functionality, enabling consumers to access credit and make payments through a single app. It is among the widely used online payment gateways in Mongolia.

Apple Pay was introduced in Mongolia in 2024 and Google Pay in 2025, marking the country's integration with international mobile payment standards. Both services are supported through domestic bank card linkage.