Pocket.mn
Invescore Wallet
Free · Designed for iPad. Not verified for macOS.
Pocket is an AI and fintech-based application developed by “Pocket NBFI” LLC, offering comprehensive financial services. “Pocket NBFI” LLC was established in May 2019, originally going by the name “Invescore Wallet NBFI” LLC, and obtained its non-bank financial service license pursuant to Resolution No. 327 of the Financial Regulatory Commission of Mongolia on November 25, 2019.
The Pocket application provides the following services in accordance with the laws and regulations of Mongolia:
· Online loans
· Buy Now, Pay Later (BNPL)
· Saving services
To register on the Pocket application, users are required to provide the following information:
· Phone number verification
· National Identification Number
· First and last name
Privacy Policy
We operate in compliance with the Anti-Money Laundering Commission and the National Data Privacy Commission. To ensure the security of our customers’ personal information, we maintain a high level of confidentiality in accordance with Mongolia’s Law on Personal Privacy.
How to Get a Loan
After downloading the Pocket app and completing the registration process with valid information, the user’s credit limit is determined based on the Bank of Mongolia’s Credit Information Database and Pocket’s AI-powered assessment system. This helps prevent users from taking on multiple loans that could lead to delinquency.
Once the user’s credit limit has been determined based on the Central Bank’s information and Pocket’s eligibility criteria, they will be able to get a loan at any time to their desired amount and receive the funds directly to their personal bank account.
How to Repay the Loan
Customers can repay their loans at any time without additional fees or penalties. Our system sends regular reminders of the due dates through SMS, email, and in-app notifications. Customers can repay their loans through the Pocket application or via bank transfer.
Users who make their repayments on time may become eligible for higher loan amounts, lower fees, and additional bonus points, subject to the applicable terms and conditions.
Loan products
Pocket offers a range of loan products designed to meet different customer needs. Depending on the loan product, the maximum and minimum loan amounts, interest rates, and repayment periods may vary, which allows customers to choose a financing option that best suits their individual needs.
Long-term loan
Loan amount: MNT 500,000 – MNT 50,000,000
Loan period: 3-36 months
Example:
Principle loan: MNT 500,000
Loan period: 3 months (can be extended before the due date)
Monthly interest rate: 1.5%
Total fees: MNT 5,000 (one-time fee)
Monthly payment: MNT 174,063.93
Total interest: MNT 22,191.79
Total amount payable: MNT 527,191,79
Pocket Zero / BNPL /
Pocket Zero is a Buy Now, Pay Later (BNPL) service that allows customers to purchase products and services from participating merchants and pay for them in installments over 90 days.
Loan amount: MNT 100,000 – MNT 10,000,000
Loan period: 90 days
Example:
Principle loan: MNT 100,000
Loan period: 90 days (can be extended before the due date)
Monthly interest: 0%
Total fees: MNT 0
Total interest: MNT 0
Total amount payable: MNT 100,000
What Are Bonus Points?
Customers earn reward points through following activities performed within the app. These points can be used to increase their credit limit and reduce loan fees and interest rates.
Example:
Repay the loan on time: 10 points
Read daily news: 1 point
Play games: up to 5 points
Invite friends: 200 points
Watch explainer videos: 20 points
Other eligible activities
Contact Us
Customer Service: +976 1900-1188, +976 7777-8885
Email: info@pocket.mn
Website: pocket.mn
Facebook: Facebook.com/PocketMN
Address: 13th Floor, IC Tower-1, Parisian Street, 1st Khoroo, Sukhbaatar District, Ulaanbaatar, Mongolia
- Нэмэлт сайжруулалт
The developer, Invescore Wallet, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .
Data Not Collected
The developer does not collect any data from this app.
Accessibility
The developer has not yet indicated which accessibility features this app supports. Learn More
Information
- Seller
- Invescore Wallet LLC
- Size
- 106.5 MB
- Category
- Finance
- Compatibility
Requires iOS 15.0 or later.
- iPhone
Requires iOS 15.0 or later. - iPad
Requires iPadOS 15.0 or later. - iPod touch
Requires iOS 15.0 or later. - Mac
Requires macOS 12.0 or later and a Mac with Apple M1 chip or later. - Apple Vision
Requires visionOS 1.0 or later.
- iPhone
- Languages
- English
- Age Rating
4+
- 4+
- Copyright
- © Invescore Wallet