Thanks to the rapid advancement of technology, our payment tools continue to evolve, becoming faster, more convenient, and secure. According to the quarterly report by the Bank of Mongolia, there were a total of 3.7 million payment cards in use in 2020, a growth of 74,500 compared to the previous year. This shift toward cashless payments is a global trend, with projections indicating a 50% reduction in cash usage worldwide over the next decade.
The Trade and Development Bank (TDB) has consistently been at the forefront of innovation, introducing Mongolia’s first payment card acceptance service and the country’s first contactless payment technology. Now, we are proud to present our customers with the next generation of payment solutions: the "Virtual Card."
Unlike traditional physical cards, the Virtual Card is stored securely within the TDB ONLINE app, eliminating the risks of loss, theft, or damage. Moreover, there’s no need to visit a branch to order or wait for delivery—you can create an internationally accepted virtual card instantly and free of charge through the TDB ONLINE app.
The Virtual Card is ideal for online purchases and cashless transactions, especially for unexpected needs. You can choose between Visa and UnionPay options with validity periods ranging from 1 to 12 months and begin using your Virtual Card immediately for payments.
How to Order:
- Via Mobile Device: Click Here for Instructions
- Via Computer: Click Here for Instructions
Embrace the future of secure, contactless payments with TDB's Virtual Card!