Visa Inc. (NYSE: V), a global leader in digital payments, and MauBank, one of Mauritius’ leading financial institutions have announced the renewal of their partnership aimed at accelerating the evolution of digital payments and financial innovation across the island nation.The agreement establishes a partnership between the two organizations to provide secure, convenient, and innovative payment solutions for consumers, businesses, and government entities. Under this collaboration, MauBank will increase its involvement with Visa’s payment network and use Visa’s technology and resources to further develop digital financial services in Mauritius.
A Shared Commitment to Innovation and Inclusion
Through this collaboration, MauBank will benefit from Visa’s global experience and cutting-edge payment technologies, enabling the bank to deliver new products and services tailored to the evolving needs of its customers. The partnership will also support MauBank’s efforts to enhance customer experience, streamline operations, and introduce new digital channels that make banking more accessible and efficient.
In his remarks, Vishuene Vydelingum, the CEO of MauBank, underscored: “Renewing our partnership with Visa aligns with the direction MauBank has been building toward over the past few years. Our growth has been steady, our customer base has expanded, and our digital channels are gaining traction across segments. What we now need are the right levers to scale responsibly, and Visa brings that depth of expertise.
Visa’s global capabilities will support the work we are already doing, improving operational efficiency, strengthening security frameworks, and developing solutions that allow our customers to further engage with the financial system in a more seamless way.”
Visa’s support will also help MauBank accelerate its digital transformation journey, with a focus on strengthening payment security, expanding rewards programs, and introducing advanced authentication services.
Yared Endale, Cluster Head Visa Eastern Africa, added: “We are delighted to partner with MauBank in advancing the digital payments landscape in Mauritius. Together, we will empower individuals and businesses to embrace the benefits of secure, seamless, and rewarding payment experiences, helping to drive the country’s digital transformation”.
Driving the Future of Payments in Mauritius
As Mauritius continues to embrace digital innovation, the partnership between Visa and MauBank is poised to play a pivotal role in shaping the future of payments in the country. By combining MauBank’s local expertise with Visa’s global capabilities, the two organizations will work together to unlock new opportunities for growth, support the development of a robust digital payments ecosystem, and contribute to the nation’s broader economic and social objectives.
