MauBank

The government of Mauritius established the Mauritius Post and Cooperative Bank (MPCB) Ltd in August 2003, following the merger of the New Co-operative Bank Ltd with the Post Office Savings Bank.[6] On 4 January 2016, the MPCB acquired the assets and liabilities of the National Commercial Bank (Ex-Bramer Banking Corporation). Subsequently, the MPCB changed its name to MauBank Ltd ("MauBank").[2] At 30 June 2016, the share capital of the Bank stood at Rs 3,270,858,232 represented by 3,401,813,502 ordinary shares. There are twelve (12) shareholders on the shares register with MauBank Holdings Ltd having 99.93% interest in the Bank, the remaining shares being held by 11 shareholders including public sector bodies and cooperative societies. MauBank Holdings Ltd is in turn 100% owned by the Government of Mauritius.[7]

In line with its green and digitization agenda, the bank adopted paperless account opening, e-statements, online financial calculators, robotic process automation in areas like credit scoring and loan processing. Customers receives instant SMS text messages when funds are debited or credited on their bank accounts. The cards services provided by the bank supports contactless payments using near-field communications. In addition to the internet banking facilities which allows users to transfer funds and manage their bank accounts, the bank was the first in Mauritius to offer online lending facilities known as MyLease.[8][9]

MauBank WithMe is a freeware mobile banking app from MauBank.[10] The app is available on electronic devices such as smartphones, tablet computers, and personal computers. The app enables individuals to electronically transfer money from their bank account to another registered user's bank account using a mobile device, withdraw money from ATM's without card, manage their bank accounts and perform online transactions. In 2018, MauBank became the first bank in Mauritius to on-board customers through a mobile app.[8][11][12][13][14] The app use OCR technology to store and organize users' information from various documents such as IDs and proof of address.[15][16] The app also allows video call with the officers of the bank during office hours.[17][18] MauBank WithMe is available on the iOS App Store and Google Play Store.[19]

The bank won the Application Programming Interface (API) Led Innovations award and was the finalist for Emerging Technology Led Innovations at the Infosys Finacle Client Innovation Awards in 2019.[20]

The bank maintains its headquarters at the Ebene CyberCity, Mauritius. The bank provides basic banking services across the 102 post offices network of the Mauritius Post Ltd which are open on Saturdays.[23] MauBank also maintain a network of local branches, including one in Rodrigues island as listed below.

Wikimedia Commons has media related to MauBank.

• List of banks in Africa

• MauBank WithMe app
• Financial calculators
• MauBank MyLease
• Internet Banking