Mauritanian Bank for International Trade launches digital bank Masrvi, in partnership with TagPay

Wale Ameen
Online Editor

The Mauritanian Bank for International Trade (BMCI) has launched its digital bank branded Masrvi aimed at providing digital banking solutions to its customers in partnership with TagPay.

According to the bank, the mobile app which was launched in April responds to the needs of Mauritanians for digital banking services.

Powered by TagPay, Masrvi enables Mauritanians across the country to carry out digital banking services by providing secure and accessible banking services, whilst offering convenience.

With Masrvi, BMCI is able to provide its customers with secure, 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.

Speaking on the launch, Moulay Abbas, President of BMCI says: “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. 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 rapidly grow our customers. 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.”

Commenting on the successful launch of Masrvi, Yves Eonnet, CEO of TagPay said: “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.”

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, and recharging phone credit.