London, UK – 3 March 2026: RTGS.global has today announced that Mongol iD, the largest payment infrastructure firm in Mongolia, has joined its global liquidity network as a Funds Controller for the Mongolian Tögrög (MNT) and Kyrgyzstani Som (KGS), strengthening UK–Central Asia Payment Corridors.
The partnership expands RTGS.global’s reach across Central Asia and The Commonwealth of Independent States (CIS) region, enabling secure, real-time settlement for financial institutions operating in and between Mongolia, Kyrgyzstan and international markets, including the United Kingdom. RTGS.global now has 35+ currencies live on its network.
Mongol iD’s client base is heavily focused on financial institutions, aligning closely with RTGS.global’s mission to remove friction, cost and counterparty risk from cross-border payments at the institutional level. The company’s growth across the CIS region reflects the increasing demand for more resilient and transparent liquidity solutions in emerging and high-growth corridors.
The announcement also marks a milestone in Mongol iD’s strategic commitment to the UK market. Supported by a British Government programme, the company is expanding its operations into the United Kingdom, with its founder relocating to Oxford to underline the long-term importance of this move.
Trade flows between the UK and Central Asia are continuing to evolve with UK imports from Kyrgyzstan reaching $2.42 billion in 2024, making the UK the country’s second-largest export partner after China, with total Kyrgyzstan exports surging from $2.99 billion in 2019 to $8.81 billion in 2024.
Between Mongolia and Kyrgyzstan, bilateral trade is also accelerating. Exports from Kyrgyzstan to Mongolia have grown 31% over the past five years to $9.15 million, while trade in the opposite direction has increased 25% to $1.27 million. These expanding flows highlight the importance of robust, efficient settlement infrastructure to support regional and international commerce.
Felipe Hillard, Chief Commercial Officer at RTGS.global, said: “Central Asia is a strategically important and fast-growing region for cross-border trade and capital flows. By welcoming Mongol iD as a Funds Controller for Mongolia and Kyrgyzstan, we are strengthening institutional access to real-time, secure settlement in two currencies that are increasingly relevant to UK and global markets. This partnership reinforces our commitment to reducing friction and unlocking liquidity in emerging corridors.”
Tugstuguldur Baasansuren, Chief Strategy Officer of Mongol iD, added: “Mongolia and Kyrgyzstan are dynamic markets with growing trade relationships both regionally and with the United Kingdom. Joining RTGS.global enables us to deliver greater transparency, resilience and efficiency to financial institutions moving value across these corridors. Our expansion into the UK represents a significant milestone for Mongol iD and demonstrates our ambition to operate at the heart of global financial infrastructure.”
As a Funds Controller, Mongol iD will provide on-network liquidity and settlement capability for MNT and KGS participants, supporting RTGS.global’s model of decentralised, real-time gross settlement without pre-funding across correspondent chains.
The addition of MNT and KGS further strengthens RTGS.global’s global currency coverage and deepens its presence in the CIS region, positioning the network to support the next phase of growth in Central Asian trade and financial connectivity.
-ends-
About RTGS.global:
The way money moves around the world is currently not working. Cross-border payments are at a tipping point and change is here. At RTGS.global we have built a SaaS platform that connects financial institutions through one simple integration, to transform how cross-border payments are made. We are a cross-border connectivity platform that enables rapid, cost-effective transfers between financial institutions, providing worldwide coverage through a single API integration.
Supported by Microsoft Azure infrastructure, our software and messaging network enables participants – such as banks, payment service providers and money transfer operators – to access a global network of account providers, communicate peer-to-peer (P2P), exchange FX quotes, and send real-time (T+0) international payments. Acting as a messaging and orchestration layer, RTGS.global enables instantaneous settlement between participating financial institutions, creating seamless interoperability across borders and currencies.
About Mongol iD:
Mongol iD is a leading fintech and digital payments infrastructure provider headquartered in the United Kingdom, with core operations in Mongolia and expanding hubs in Singapore and Kyrgyzstan. Since its founding in 2015, the company has built one of Mongolia’s most advanced payment ecosystems and delivers end-to-end acquiring, issuing, gateway processing, unified EMV QR solutions, SoftPOS technology, and digital wallet interoperability.
Beyond payments, Mongol iD integrates merchant lending, AI-driven credit scoring, loyalty platforms, and cross-border payment scheme connectivity into a unified, API-first infrastructure. Through its strategic expansion initiatives—particularly its Singapore and UK holding structure—the company is positioning itself as a corridor-based global payment gateway linking emerging and developed markets. With a proven regulatory track record, scalable cloud-native architecture, and strong growth in acquiring and microfinance sectors, Mongol iD is evolving into a next-generation financial infrastructure platform designed to enable interoperable, compliant, and inclusive digital commerce across Asia and beyond.
The partnership expands RTGS.global’s reach across Central Asia and The Commonwealth of Independent States (CIS) region, enabling secure, real-time settlement for financial institutions operating in and between Mongolia, Kyrgyzstan and international markets, including the United Kingdom. RTGS.global now has 35+ currencies live on its network.
Mongol iD’s client base is heavily focused on financial institutions, aligning closely with RTGS.global’s mission to remove friction, cost and counterparty risk from cross-border payments at the institutional level. The company’s growth across the CIS region reflects the increasing demand for more resilient and transparent liquidity solutions in emerging and high-growth corridors.
The announcement also marks a milestone in Mongol iD’s strategic commitment to the UK market. Supported by a British Government programme, the company is expanding its operations into the United Kingdom, with its founder relocating to Oxford to underline the long-term importance of this move.
Trade flows between the UK and Central Asia are continuing to evolve with UK imports from Kyrgyzstan reaching $2.42 billion in 2024, making the UK the country’s second-largest export partner after China, with total Kyrgyzstan exports surging from $2.99 billion in 2019 to $8.81 billion in 2024.
Between Mongolia and Kyrgyzstan, bilateral trade is also accelerating. Exports from Kyrgyzstan to Mongolia have grown 31% over the past five years to $9.15 million, while trade in the opposite direction has increased 25% to $1.27 million. These expanding flows highlight the importance of robust, efficient settlement infrastructure to support regional and international commerce.
Felipe Hillard, Chief Commercial Officer at RTGS.global, said: “Central Asia is a strategically important and fast-growing region for cross-border trade and capital flows. By welcoming Mongol iD as a Funds Controller for Mongolia and Kyrgyzstan, we are strengthening institutional access to real-time, secure settlement in two currencies that are increasingly relevant to UK and global markets. This partnership reinforces our commitment to reducing friction and unlocking liquidity in emerging corridors.”
Tugstuguldur Baasansuren, Chief Strategy Officer of Mongol iD, added: “Mongolia and Kyrgyzstan are dynamic markets with growing trade relationships both regionally and with the United Kingdom. Joining RTGS.global enables us to deliver greater transparency, resilience and efficiency to financial institutions moving value across these corridors. Our expansion into the UK represents a significant milestone for Mongol iD and demonstrates our ambition to operate at the heart of global financial infrastructure.”
As a Funds Controller, Mongol iD will provide on-network liquidity and settlement capability for MNT and KGS participants, supporting RTGS.global’s model of decentralised, real-time gross settlement without pre-funding across correspondent chains.
The addition of MNT and KGS further strengthens RTGS.global’s global currency coverage and deepens its presence in the CIS region, positioning the network to support the next phase of growth in Central Asian trade and financial connectivity.
-ends-
About RTGS.global:
The way money moves around the world is currently not working. Cross-border payments are at a tipping point and change is here. At RTGS.global we have built a SaaS platform that connects financial institutions through one simple integration, to transform how cross-border payments are made. We are a cross-border connectivity platform that enables rapid, cost-effective transfers between financial institutions, providing worldwide coverage through a single API integration.
Supported by Microsoft Azure infrastructure, our software and messaging network enables participants – such as banks, payment service providers and money transfer operators – to access a global network of account providers, communicate peer-to-peer (P2P), exchange FX quotes, and send real-time (T+0) international payments. Acting as a messaging and orchestration layer, RTGS.global enables instantaneous settlement between participating financial institutions, creating seamless interoperability across borders and currencies.
About Mongol iD:
Mongol iD is a leading fintech and digital payments infrastructure provider headquartered in the United Kingdom, with core operations in Mongolia and expanding hubs in Singapore and Kyrgyzstan. Since its founding in 2015, the company has built one of Mongolia’s most advanced payment ecosystems and delivers end-to-end acquiring, issuing, gateway processing, unified EMV QR solutions, SoftPOS technology, and digital wallet interoperability.
Beyond payments, Mongol iD integrates merchant lending, AI-driven credit scoring, loyalty platforms, and cross-border payment scheme connectivity into a unified, API-first infrastructure. Through its strategic expansion initiatives—particularly its Singapore and UK holding structure—the company is positioning itself as a corridor-based global payment gateway linking emerging and developed markets. With a proven regulatory track record, scalable cloud-native architecture, and strong growth in acquiring and microfinance sectors, Mongol iD is evolving into a next-generation financial infrastructure platform designed to enable interoperable, compliant, and inclusive digital commerce across Asia and beyond.
