The Mauritanian Bank for International Trade (BMCI), in conjunction with TagPay, has rolled out its digital bank Masrvi intending to provide digital, value-added financial services to its customers.
Masrvi, which TagPay powers, was launched at the end of last month. The new technology provides secure and accessible banking services across the country through mobile networks whilst offering convenience.
"By using TagPay's next-generation Core Banking System, the Masrvi solution is leveraging an innovative and intuitive technology platform that offers a full range of banking functions. Thanks to its open architecture, flexibility, and scalability, the solution will allow the rollout or update of features the digital bank wishes to market. Certainly, Masrvi will promote financial inclusion and integration in Mauritania." Yves Eonnet, CEO of TagPay.
Masrvi enables BMCI to provide its customers with safe, simple, fast, and easy-to-access banking products and services that can be tailored to their needs, all with a convenience that traditional banks cannot match.
"By leveraging TagPay's next-generation Core Banking System and their teams' project expertise, we were able to launch our digital bank, Masrvi, in record time." Moulay Abbas, President of BMCI, said.
He further said that "Within a month of launching, we have a network of 52 branches and more than 200 partner businesses that accept Masrvi, and the numbers continue to grow. Thanks to the proven robustness, agility, and short time-to-market of this solution, we will be able to expand our customers rapidly.
"This will help strengthen Masrvi's product line and enable us to offer a full range of banking and financial products in the very short term," he added.
Who can make use of the Masrvi App?
Anyone, irrespective of their wireless carrier, can use the Masrvi application as much they have a cell phone. With Masrvi, individuals can open a digital bank account and conduct several types of transactions such as withdrawing, depositing, transferring money, paying bills and retailers, and recharging phone credit.
Mauritius in Focus
GDP: $14.048 billion compared to Equatorial Guinea's $11.027 billion in 2019
Population: 1,265,711 compared to Equatorial Guinea's 1,355,986 in 2019
GDP per capita: $11,099 compared to Equatorial Guinea's $8,131 in 2019