Digital banking: SBM Bank (Mauritius) Ltd and UnionPay discuss upcoming converging ventures

by | Dec 23, 2023 | Actualités, Economie

During the meeting, the representatives from SBM Bank (Mauritius) Ltd, among whom was the Chief Executive, Mr Premchand Mungar, and the delegation from UnionPay discussed ways to further enhance the collaboration between both parties. By committing to fostering and further enhancing this relationship, SBM and UPI aim to provide innovative solutions that cater to the evolving needs of customers.

“We wish to thank the UPI team for their support and we are looking forward to strengthen our partnership. Over the years, the collaboration between SBM and UPI has flourished and has led to judicious digital offerings and higher convenience for our customers,” said Mr Premchand Mungar, Chief Executive of SBM Bank (Mauritius) Ltd, during the meeting.

“Mauritius is one of key emerging markets for UnionPay in Africa and we remain focused on driving the adoption of electronic payment solutions in the country. SBM Bank has been instrumental and active in creating awareness about the numerous benefits of digital payment solutions in Mauritius.  We look forward to working with the Bank to continue providing relevant and innovative solutions that meet the emerging trends and financial needs of cardholders.’’ says Asad Burney, Head of UnionPay International Africa Branch.

The meeting held on Wednesday 13 December 2023 is in line with SBM Bank (Mauritius) Ltd’s strategy to spearhead the development of innovative and secure payment solutions to meet the evolving needs of the market.


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