The Mauritius Commercial Bank (MCB) Upgrades its Dubai Presence to Build Stronger Bridges between Africa and Global Markets

This expansion of the MCB’s scope to the Middle Eastern region is aligned with its mandate to further facilitate transactions to and from Africa The Mauritius Commercial Bank (MCB) (www.MCB.mu) announces that it has been licensed by the Dubai Financial Services Authority to provide Advising and Arranging services. Mr Sebastian Graewert has been appointed as

Bank One Elite Banking awarded “Best Mass Affluent Banking Offering” for its Cross-border Services

The “Best Mass Affluent Banking Offering” title recognises the efforts of Bank One in serving mass affluent customers Bank One (www.BankOne.mu) announced that it won the Best Mass Affluent Banking Offering award in the Service Innovations category at the Global Retail Banking Innovation Awards 2021 (GRB21) organised by the Digital Banker. Every year, The Digital

CR2 Continues to Drive Innovation as Cardless ATM Access Goes Live in Eight Countries

It’s a major concern for banking customers worldwide in this time of a global pandemic – how can they access their daily banking needs without touching surfaces such as ATMs?   CR2 (www.CR2.com) enables you to respond to these concerns and allow your banking customers to withdraw cash without physically touching the ATM, by simply

Econet Group Announces Launch of Cassava Technologies

Cassava Technologies, headquartered in London, is Africa’s first integrated tech player of continental scale at the forefront of technology innovation Unique, pan-African technology leader, well-positioned to propel Africa into its economic future; built from the strong performance and track record of Econet Group. Privately held African telecommunications group, Econet, has announced the launch of Cassava

Standard Bank Group Selects Flutterwave to Drive Digital Transformation Efforts Across Africa

Standard Bank customers in eight African countries to enjoy enhanced digital payments experience in partnership with Flutterwave  Standard Bank, Africa’s largest bank by assets, has partnered with Flutterwave, Africa’s leading payments technology company, to enhance digital payments experiences for its customers in Nigeria, Zambia, Tanzania, Uganda, Ghana, Mauritius, Cote D’Ivoire and Malawi. Flutterwave and Standard Bank

Peach Payments Expands into Mauritius, Serves as Key Event Sponsor at Africa FinTech Festival

South African FinTech start-up Peach Payments has recently set up an office in Mauritius, following a foray into Kenya in 2018 The online payment services provider is poised to serve as a key event sponsor at the Africa FinTech Festival being hosted in Mauritius in a virtual format by the Mauritius Africa FinTech Hub from

At the African Caucus 2021, Governor Seegolam Invites African Central Banks to Work Together to Roll Out Digital Currencies

Bank of Mauritius Governor Harvesh Seegolam was invited by the African Caucus to be one of the panellists at its hybrid 2021 meeting regrouping Ministers of Finance and Governors of central banks of all 54 African countries. This year’s edition of the Caucus, which was held in Burundi, focused on ‘Digitalization for Inclusive Recovery and

The Mauritius Commercial Bank Limited Signs a USD 20M Term Loan Facility with Bank of Kigali Plc to Support its Strategic Growth Objectives

The loan proceeds will be used mostly to fund their general corporate projects A USD 20M loan has been successfully signed between The Mauritius Commercial Bank Limited (MCB) (www.MCB.mu) and Bank of Kigali Plc on 26 July 2021. The aim of this loan is to provide additional liquidity to Bank of Kigali Plc over a

Mauritius Commercial Bank Ltd (MCB) to Adopt MITECH’s TRAC Collateral Management System in the Cloud

The TRAC software will be implemented on a Cloud infrastructure, with the aim of going-live with the system before the end of the year The Mauritius Commercial Bank Ltd (MCB) (www.MCB.mu) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC

Mauritanian Bank for International Trade Launches Digital Bank, Masrvi, Powered By TagPay

Masrvi was launched at the end of April and responds to Mauritanians’ banking needs by providing secure and accessible banking services The Mauritanian Bank for International Trade (BMCI) (www.BMCI.mr) has partnered with TagPay to roll out its digital bank Masrvi, aimed at providing digital, value-added financial services to its customers. Powered by TagPay, Masrvi was