Eight UnionPay International representatives, including Ms. Wu Yi - Vice President and Board Secretary of UPI, made a courtesy visit to the management members of MCB on Wednesday 11th April 2018. As the first acquiring bank of UnionPay cards in Mauritius, MCB welcomed favourably this meeting which aimed at engaging discussions on the future collaboration between both institutions.
A window on Asia
Since its launch in 2013, which was a first in Africa, the MCB UnionPay card is widely used by Mauritians who choose convenience over cash. From 2014 to 2017, the amount this prepaid card in Mauritius increased by 146 %. The average amount spent in 2017 by the Mauritian MCB UnionPay card holders reaches Rs.7, 500 on Point of Sales (POS) and just as much on ATMs during their stay abroad.
Alain Law Min, CEO-MCB Ltd: "MCB is happy with the long-lasting collaboration with UnionPay International. We value this partnership which we want to develop even further. With an increasing number of Mauritians travelling to Asia and, on the other side, Chinese tourists and businessmen coming to our country, there are growing opportunities for business. Today’s visit marks an important step in the consolidation of the business relationship between our two financial institutions, with the backdrop of the African market".