Mongolia's e-commerce sector is experiencing rapid growth, driven by increased internet penetration and mobile device usage. The shift towards digital payments is evident, with nearly 78% of transactions conducted digitally, reflecting consumer trust and improved payment infrastructure. Mobile wallets are particularly popular, used by 65% of online shoppers, indicating a move towards cashless transactions and convenience.
The total e-commerce transaction volume is projected to reach $1.2 billion in 2026, with an average transaction value of around $67. This growth highlights Mongolia's expanding digital economy and increased consumer confidence in online shopping. As the sector matures, further innovation in secure payment methods and logistics will likely continue to boost e-commerce adoption across the country.