Mobifinance NBFI LLC

The Mobifinance NBFI LLC was founded in April 2010 within the scope of initiations and the project of Mobicom Corporation to introduce the electronic payments and and financial services based on the mobile phones in Mongolia. The Mobifinance NBFI has been successfully introducing to market and implementing the online micro loan “SMS Loan” service within the scope of the special permission “To undertake the loan activity” issued by the Financial Regulatory Commission and the Electronic money “MonPay” service within the scope of the special permission “To issue the electronic money” issued by the Mongolbank. The MonPay service shall make the cash transfers, get the micro loans and make the payments and transactions within a second. Notwithstanding that, this service differs from other financial services by its peculiarity that it contains a number of services such as online shops, train and movie tickets, food deliveries, game charging, coupon and rewards or bonuses at one place.