In this video, Bold Magvan, President, XacBank, Mongolia, shares the success story of XacBank. Bold further explains how M-Banking has helped them to expand their business. He also talks about the opportunities and challenges M-banking faces in Mongolia. He shares that XacBank aims to provide basic financial services to every household in Mongolio irrespective of distance and income level of clients. He further highlights the benefits of developing own application. Being the pioneers of m-banking, he says XacBank faced challenges at the regulation front for this new venture.