View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
September 19, 2016

MCB, MasterCard introduce contactless card solution in Mauritius

Mauritius Commercial Bank (MCB) has collaborated with MasterCard to launch its first contactless card solution in the country.

By Verdict Staff

Mauritius Commercial Bank (MCB) has collaborated with MasterCard to launch its first contactless card solution in the country.

Under the partnership, nearly 675,000 existing MasterCard debit cards will be upgraded to offer contactless payment solution. Customers can replace their debit card without any additional cost.

The programme will start in October 2016, with the first replacement batch of 100,000 MasterCard debit cards.

MasterCard debit cards, which will be accepted by all ATMs and points of sale (POS) terminals, will offer high level of security and will protect the card’s data from skimmers.

Additionally, MCB is due to launch contactless terminals by early 2017, thus allowing cardholders to ‘tap and go’.

MCB Cards head Binesh Mangar said: “This is an ambitious project with a noble goal. We will be offering our customers the most secure card ever equipped with the latest technology. Our customers will be getting one of the most sophisticated cards in the world which will open new possibilities in terms of benefits as well as something priceless: Peace of mind.”

MasterCard Sub-Sahara Africa division president Daniel Monehin said: “We are extremely excited to be part of yet another milestone and collaboration with MCB and take immense pride in partnering with this leading bank to introduce this smart, secure and cutting edge solution. This partnership is aimed at enhancing the countries digital payment eco-system, which means access to faster, safer and more convenient payment methods for the country.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International