Shopify Local and Alternative Payment Methods in Mongolia

With over 3.5 million people, Mongolia’s eCommerce market is expanding due to increased internet penetration and digital payment adoption. The country uses the Mongolian Tugrik (MNT), and Mongolian is the official language. Shopify merchants can successfully enter this market by offering local payment methods that cater to Mongolian consumers.

Why Target Mongolia’s eCommerce Market?

Mongolian shoppers prefer local payment methods such as mobile wallets, bank transfers, and QR code payments over international credit cards. Popular payment gateways like Most Money, QPay, SocialPay, and LendMN are widely used for online transactions. By integrating these local payment options, businesses can boost conversion rates. With CartDNA’s Shopify payment solutions, merchants from outside Mongolia can start selling to this market without needing a physical presence.

Key Benefits of Local Payment Methods for Shopify Merchants

• Higher Conversion Rates – Mongolian customers trust local payment methods, reducing cart abandonment.
• Faster Transactions – Seamless checkout experiences improve customer satisfaction.
• Market Expansion – Reach thousands of shoppers who avoid foreign payment gateways.
• Better Customer Trust – Local payments signal legitimacy and reliability.
• Increased Mobile Sales – Mobile wallets and QR payments are widely used in Mongolia.
• Easy Integration with CartDNA – Start accepting local payments without a Mongolian business registration.

Get in touch with CartDNA today and start your journey to capturing Mongolia’s growing eCommerce market!