SBM Bank (Mauritius) Ltd and CR2 Announce Successful Launch
Dublin, Ireland, 7th January, 2025 : CR2 is delighted to announce the successful launch of SBM Tag, SBM Bank (Mauritius) Ltd’s new mobile banking application powered by CR2’s BankWorld. This innovative chapter underscores SBM Bank’s commitment to deliver secure, seamless, and user-centric digital banking experiences for its retail customers via their mobile application.
This innovation meets the evolving demands of customers and drives the adoption of digital payments across Mauritius. Additionally, SBM Bank will deploy advanced features, such as MauCAS QR code payments along with a full suite of banking services.
Built on CR2’s flexible BankWorld platform, SBM Bank can quickly introduce new products and services tailored to the specific needs of the local market through SBM Tag. The enhanced digital banking solution provides a variety of transaction options and intuitive interfaces to enable secure transactions, efficient account management, and easy access to comprehensive banking services. This upgrade enhances engagement with existing customers and attracts new ones, which positions SBM Bank as a leader in digital banking innovation.
Premchand Mungar, Chief Executive of SBM Bank (Mauritius) Ltd , commented: “The launch of SBM Tag marks an important milestone in our mission to simplify the lives of our customers with modern and innovative banking solutions. This application is designed to meet the expectations of an increasingly connected and demanding client base. With SBM Tag, we are taking a decisive step in our commitment to providing a seamless, accessible, and customer-centric banking experience.”
Fintan Byrne, CEO of CR2, commented: “We are delighted to announce our successful launch with SBM Bank. As the demand for convenient and secure payment solutions continues to grow, the ability to introduce innovative features such as Pay to Mobile and Request Money brings significant value to both the bank and its customers. At CR2, we remain committed to empowering banks like SBM with secure, cutting-edge digital solutions that meet the evolving needs of today’s customers.”
About CR2
CR2 is a leader in digital banking and payments. The business powers over 90 banks in 50 plus countries across the world and is part of the HPS group.
BankWorld their core digital banking and payments platform, offers the broadest capabilities in market and uniquely integrates Digital Banking, Card Issuing with ATM, and Switching. In addition, CR2’s Partner Ecosystem combines the confidence of BankWorld with access to easy plug-in, third-party Fintech innovations.
In simple terms, CR2 helps financial service providers to build around consumers with technology that supports both customer experience and an ability to deliver consistently.
If you think financial services cannot innovate quickly, THINK again.
For more information, please visit www.cr2.com
Media Contacts:
Murtough Ware – Marketing Campaign Manager, CR2, murtough.ware@cr2.com
About SBM
The SBM Group is a leading banking and financial services player in Mauritius and has been contributing to the country’s socio-economic development since inception.
It is actively involved in the Asia-Africa corridor by means of dedicated banking subsidiaries operating in India, Madagascar, and Kenya. The Group is committed to creating long term value for its stakeholders by offering bespoke solutions to individual, corporate and institutional clients in the banking and non-banking financial fields in Mauritius and internationally. The Group entities are guided by clear strategic orientations to grow their businesses, while preserving the soundness of their operations.
For more information, please visit https://www.sbmgroup.mu/
