Ulaanbaatar
Central Bank Discusses Future of Digital Payments in Mongolia
Economy
Ulaanbaatar, October 14, 2025 /MONTSAME/. The Central Bank of Mongolia recently held a regular meeting of the National Payment System Council, bringing together representatives from banks, fintech companies involved in the payment system, government agencies, and law firms.
In the opening session, the Bank of Mongolia presented upcoming legal reforms and work plans to be developed within the National Payment System next year. The bank welcomed feedback and suggestions from all participants and facilitated an open roundtable discussion.
Anar Enhkbold, Director of the
Settlement Department of the Central Bank of Mongolia, a leading authority in
digital transaction systems, noted that at the SIBOS 2025 conference (SWIFT
International Banking Operations Seminar), held in Frankfurt, Germany, and
focused on integrated banking and financial sectors, there was extensive
discussion on the future of blockchain-based electronic wallets, stablecoins,
tokenized savings to align with global trends in payment technologies.
In its draft monetary policy for 2026, the Bank of Mongolia announced plans to “support new financial products and services and explore the possibility of using stablecoins as a means of payment.” Accordingly, the meeting also addressed global developments in payment systems and financial markets, and explored the potential for introducing stablecoins and tokenized savings in Mongolia.
