Bank of Mauritius Becomes Member of Organisation for Economic Co-Operation and Development International Network on Financial Education

Posted on by Staff Writer | 3809 Views | 6 min read

The Bank of Mauritius (Bank) has joined the Organisation for Economic Co-operation and Development International Network on Financial Education (OECD/INFE). The OECD/INFE is a forum that brings together central bankers and policy makers from over 125 countries. It constitutes an important platform for the sharing of best practices and experience on the promotion of financial

HPS Completes the Acquisition of ICPS

Posted on by Staff Writer | 3785 Views | 7 min read

HPS Group today announces the completion of the acquisition of ICPS in Mauritius, which it first announced on February 9th, 2021. Following the lifting of the last suspensive conditions related to administrative authorizations as dictated by the regulations in force, HPS and ICPS proceeded on April 7th 2021 to sign the reiterative deed of sale

Investec Mauritius: An Out of The Ordinary Technology Journey

Posted on by Staff Writer | 3922 Views | 46 min read

How does an organisation constantly deliver client satisfaction in an era of rapidly changing needs? This is a question that Investec Mauritius has answered. Investec Mauritius has an online banking platform built around its clients’ distinctive needs, with exceptional security, easy-to-use applications and intuitive self-service all synthesising to create client satisfaction. However, this is not

HPS Strengthens its Processing Activities in Africa with the Acquisition of ICPS in Mauritius

Posted on by Staff Writer | 3984 Views | 9 min read

• ICPS processes secure electronic transactions for more than 20 countries in English and French speaking Africa, as well as in Asia, using HPS PowerCARD technology. • This acquisition will consolidate the processing activity of HPS by accelerating its development, enriching its team with new talents in the processing business, and by strengthening its infrastructure capacities with

Mauritius Commercial Bank Taps Windward’s AI Solution to Optimize Trade Finance and Compliance Processes

Posted on by Staff Writer | 4041 Views | 9 min read

MCB will integrate Windward’s Predictive Intelligence solution to increase efficiency across its trading practices, empowering MCB to continue to trade with confidence in an era of rapidly increasing risks Windward the Predictive Intelligence company applying AI to transform global maritime trade, and Mauritius Commercial Bank Ltd the longest-standing and leading banking institution in Mauritius have

Mastercard Global Outlook 2021 Highlights Permanent Shift to Digital and Opportunity to Boost Financial Inclusion in the Middle East and Africa

Posted on by Staff Writer | 6245 Views | 24 min read

Mastercard Economics Institute report estimates that 20-30% of the COVID-related surge in e-commerce spending to be a permanent feature in share of overall retail spending Young and digitally savvy populations across the Middle East and Africa (MEA) are key to long-term growth outlook, but youth unemployment poses a threat to growth prospects The opportunity for

MCB “Bank of the Year 2019” in Mauritius

Posted on by Staff Writer | 3838 Views | 4 min read

MCB has won the “Bank of the Year 2019” in Mauritius title award by the prestigious publication The Banker, a subsidiary of the Financial Times Group. The trophy was given to Raoul Gufflet, Deputy Chief Executive of MCB Ltd, on the occasion of an event held at the Sheraton Grand London Park Lane Hotel in

MCB Group Posts Profits of Rs 2,5 billion (Sept 2019)

Posted on by Staff Writer | 4016 Views | 9 min read

For the quarter ended September 2019, MCB Group has posted profits of Rs 2.5 billion, which represents an increase of 18.9% in comparison to the corresponding period last year. Commenting on the results, Pierre Guy Noël (Chief Executive – MCB Group Ltd) said: “Group attributable profits went up by 18.9% to reach Rs 2,533 million

MCB Signs the UN Principles for Responsible Banking

Posted on by Staff Writer | 3603 Views | 4 min read

MCB is one of the founding signatories of the Principles for Responsible Banking, pledging to strategically align its banking activities with the Sustainable Development Goals and the Paris Agreement on Climate Change. These Principles for Responsible Banking are a joint initiative of banks, in particular, 30 founding institutions and the United Nations, through the UNEP

MCB Launches Eco-friendly Debit Cards

Posted on by Staff Writer | 4456 Views | 3 min read

To transform bank cards into vectors of change in favour of the environment. That is MCB’s chosen vision, through the implementation of its “Your card for change” program launched earlier this year in May. Through this programme, MCB donates 10 cents, for each transaction made with a debit card, to a fund destined to the