National payment system to be run

Oyundelger 2016-10-28 02:10

Economy

Mongolbank and World Bank officials work on bill drafting of National Payment System.

Mongolbank and World Bank officials work on bill drafting of National Payment System. Parliament Member B.Undarmaa received delegates of the Bank of Mongolia and the World Bank and talked about a bill on National Payment System which is to be submitted to Parliament next year. When adopted, the law will require making amendments to several other laws. This will allow building an integrated system throughout the country and will benefit to the banking and finance organizations. The World Bank is rendering technical assistance in the development of the bill, said WB representative Mr. James Anderson and added the cooperation will continue until 2020.