The new center will focus on ransomware, digital identity and authentication, platform security, and fraud prevention.

The digital wallet allows the Bank's customers to make payments directly from their mobile phone when making a purchase without the need to present a credit card.

A new agreement between IFC and the Mongolian Bankers Association will help improve access to funding for 200,000 micro, small and medium enterprises cumulatively over the next five years by developing a vibrant market for value chain finance in Mongolia.

The initiative aims to develop green financing, as well as improving access to financial products and services for the country’s micro, small and medium enterprises.