Mobile Banking Solution

Mobile Banking Solution in Mongolia

Noomadic is a flexible and comprehensive Mobile banking solution, geared towards banks and micro-finance institutions.

It enables financial institutions to offer Mobile services through any mobile phone provider using any type of mobile handset.

The software is based on a modular and gradual security scheme, to allow stronger security on high-risk transactions, keeping a pragmatic approach to mitigate operational risks.

 

Noomadic deployed in Mongolia

Since July 2009, XacBank, the leading microbank in Mongolia, has launched AMAR, its commercial Mobile Banking service and begun deploying Noomadic in its branches throughout the country. XacBank’s clients can conduct cash-based transactions using their mobile phones, through a network of agents located in remote areas: Petrovis gas stations and independent outlets.

XacBank's interview

Press release

CGAP project overview

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