Digital bank launched in Mauritania
The Mauritanian Bank for International Trade (Banque Mauritanienne pour le Commerce International, BMCI) has recently launched a digital bank called Masrvi in partnership with TagPay, reports from the capital Nouakchott said on Tuesday.
The digital bank will offer digital, secure and accessible value-added financial services to its customers through mobile networks across the West African country.
Masrvi enables BMCI’s customers to have access to banking products and services tailored to their needs, all with a convenience that traditional banks cannot match.
Anyone with a cell phone, regardless of their wireless carrier, can download the Masrvi application.
This enables them to open a digital bank account and conduct several types of transactions, such as withdrawing, depositing, and transferring money, paying bills and retailers, as well as recharging phone credit.
BMCI President Moulay Abbas said by leveraging TagPay’s next-generation Core Banking System and their teams’ project expertise, BMCI was able to launch a digital bank in record time.
“Within a month of launching, Masrvi now has a network of 52 branches and more than 200 partner-businesses that accept it,” Abbas said, adding that the numbers were growing.
TagPay CEO Yves Eonnet said thanks to Masrvi's 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,” Eonnet pointed out.