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AfricaMoney | August 21, 2017

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State Bank of Mauritius surfs technology wave with new Titanium debit card

State Bank of Mauritius surfs technology wave with new Titanium debit card

The card enjoys worldwide acceptance and gives the owner access to 36.9 million locations in more than 210 countries and territories worldwide. (Image: SBM)

To better meet the needs of affluent clients, the State Bank of Mauritius Group (SBM) launched its debit MasterCard Titanium offering at the SBM head office in Port Louis yesterday, July 31, 2014.

This card is a first for the banking sector in Mauritius and represents a pioneering move for the overall Middle East and Africa region.

The Titanium debit card is intended for wealthy customers and carries a broad range of benefits, such as on presentation of the card, the cardholder can avail airport lounge access to all facilities offered by Dubai, Abu Dhabi, Saudi Arabia and Kuwait airports.

Card holders can also benefit from offers and from schemes such as ‘priceless Africa’ – which is a unique collection of experiences ranging from dinning, shopping and sports to exciting attractions, travel and entertainment offers.

The chip-enabled card also offers the highest level of transactional security and comes with card fraud protection which offers reimbursement for unauthorized charges up to 24 hours prior to the loss or theft being reported. As an added benefit, the card also offers emergency assistance related to loss and replacement of lost card.

Besides, the card enjoys worldwide acceptance and gives the owner access to 36.9 million locations in more than 210 countries and territories worldwide.

Finally, cardholders can also avail discounts at more than 300 points of sale with a daily limit of Rs 20,000 for withdrawals at the automatic teller machines (ATMs).

“The bank believes in cutting edge technology and wants to offer advanced security to its clients,” said Jairaj Sonoo, Chief Executive Officer, SBM.

“Comfort and safety are the cornerstone of the service at SBM. Meanwhile, SBM has embarked on a technology transformation and it is actively offering state-of-the-art products and services to its customers and to the general public,” he added.

The State Bank of Mauritius Group (SBM) is a leading financial services group in Mauritius with a growing international presence.

Serving customers since 1973 and listed on the Stock Exchange of Mauritius in 1995, SBM provides all services of a universal bank within a diversified business model.

The lines of business at SBM include: Retail Banking, Small and Medium Enterprise financing, Wealth Management & Private Banking, Corporate Banking and International Banking & Global Business, Treasury services, eBusiness, Fiduciary services, Asset Financing, Stockbroking and Asset Management.

With nearly 17,000 domestic and international shareholders, SBM has more than 1,200 employees who service over 340,000 customers through its network of 48 offices and branches in Mauritius, India and Madagascar.

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