SBM Bank has partnered the leading global payment network UnionPay International to roll out its UnionPay Prepaid Card. The partnership with SBM Bank enables cardholders of UnionPay prepaid card to leverage on UnionPay’s global footprint to make both online and real-time purchases. UnionPay cards are accepted in 174 countries and regions with 55 million merchants
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 Baa2. According to Moody’s, the rating upgrade reflects improvements in MCB’s profitability and asset quality metrics as well as its strong capital levels. Moreover, the
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 and be recognised as an employer of choice. Under this implementation, the bank created a single point of truth for its 400 employees providing more
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. This is the first launch of World Elite Mastercard in Mauritius. During the launch ceremony held at Le Chateau de Labourdonnais in Mapou on Friday
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 at Trianon Convention Centre. Developed in close collaboration with UnionPay International, the ABC Banking QR Pay is a cardless, secured and QR Code-based payment solution.
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 confidence and peace of mind. PayPal’s Seller Protection Programme is designed to help protect merchants from buyer’s claims, chargeback, and reversals, so that they are
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 of local merchants and ATMs accepting UnionPay cards has been increased to 90% and 60% respectively. It also means that UnionPay International has realized its
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 country and that certain companies have been victims to such fraudulent practices. The Bank of Mauritius strongly urges members of the public to exercise extreme
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 gain an in-depth understanding of the terms and conditions governing contracts between a consumer and a financial institution and to help achieve better outcomes. A
