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The payment card system has been completely upgraded

The payment card system has been completely upgraded

On April 25, 2021, the Bank of Mongolia completed the complete overhaul of the Payment Card System and successfully introduced the new system within the framework of the “Payment System Reform Project” funded by the Asian Development Bank.

It is the UK’s TranzWare system, a comprehensive system that meets international standards for supporting new types of transactions, ensuring system security and security, and ensuring full system load and capacity. With the introduction of this system, banks and participants are beginning to implement asset management or resource management.