Moody’s Upgrades MCB Ltd’s Deposit Rating to Baa2

At its latest Rating Committee, Moody’s Investors Service (“Moody’s”) has upgraded the credit rating of MCB Ltd (“MCB” or “the Bank”), with the long-term deposit rating improving from Baa3 to Read More →

AfrAsia Bank Increases HR Efficiency up to 75% with Oracle Cloud Applications

AfrAsia Bank, headquartered in Mauritius with a representative office in South Africa has chosen Oracle Human Capital Management (HCM) Cloud Application to deliver an exceptional employee experience, retain best talent Read More →

SBM Brings World Elite Mastercard to Mauritius

SBM launched the World Elite Mastercard credit card, providing its high net worth cardholders with a range of priceless benefits and privileges that can be accessed at home and abroad. Read More →

ABC Banking Corporation and UnionPay International Unveil ABC Banking QR Pay

In line with its long-term digital strategy, ABC Banking Corporation, the flagship banking arm of ABC Group, has officially launched the ABC Banking QR Pay on Wednesday 05th December 2018 Read More →

PayPal Launches Seller Protection in Some Sub-Saharan Africa Countries

PayPal has announced the launch of its Seller Protection Programme in some Sub-Saharan Africa countries, in an effort to empower local businesses to trade online, both locally and globally with Read More →

UnionPay International & SBM to Revolutionize Payment Acceptance With mPOS Solution “MOOV”

In association with UPI (UnionPay International), SBM is the first local bank introducing an innovative payment platform-mPOS (mobile point of sales) in Mauritius. The mPOS technology “MOOV”, powered by SBM Read More →

UnionPay International Cooperates with “SBM” in Mauritius to Expand the Acceptance Scope of UnionPay Cards

UnionPay International and SBM jointly declared that all merchants and ATMs of the latter have been opened to accept UnionPay cards (card number starting with 62). So far, the coverage Read More →

Bank of Maritius Warns of Fake Bank Cheques

The Bank of Mauritius has released a statement saying that it has come to their knowledge that fake bank cheques, purportedly emanating from banks, are currently in circulation in the Read More →

The Governor of the Bank of Mauritius Releases Report on Unfair Terms and Conditions in Banking Contracts

The Bank of Mauritius has announced that it proposed to investigate into the terms and conditions of banking contracts, including fees and charges. The objective of this exercise was to Read More →

The Bank of Mauritius Grants a New Banking Licence to Habib Bank Ltd to Conduct Islamic Banking

The Bank of Mauritius is pleased to announce that it has granted a new banking licence to Habib Bank Limited (HBL) to conduct Islamic banking business through a window operation, Read More →

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