Tugrug Debit Cards Issued by the Bank of Mongolia Now Accepted in Hong Kong

Economy
ooluun@montsame.mn
2025-04-01 17:03:48

Ulaanbaatar, April 1, 2025 /MONTSAME/. Debit cards issued by the Bank of Mongolia with the "₮" logo can now be used for payments in the Hong Kong Special Administrative Region of the People's Republic of China in shops and service points.


The Bank of Mongolia signed a Memorandum of Understanding with EFT Solutions, a company based in Hong Kong, last year to expand the use of Mongolia's national currency tugrug "₮" cards and accept them for payments overseas. Currently, these cards can be used to make purchases in shops and service points, and in the future, they are planned to be used for fast-service shops, metros, and taxis. 


The Bank of Mongolia introduced the "₮" card in 2012 and connected it to the internationally renowned Apple Pay service in 2024, enabling smartphone-based payments.

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