BMCI partners with TagPay to launch digital bank Masrvi

By Pavithra R

The Mauritanian Bank for International Trade (BMCI) has announced partnering with TagPay to roll out its digital bank Masrvi, aimed at providing digital, value-added financial services to its customers.

Masrvi was launched at the end of April and responds to Mauritanians’ banking needs by providing secure and accessible banking services, across the country through mobile networks, whilst offering convenience. The digital bank enables BMCI to provide its customers with secure, simple, fast, and easy-to-access banking products and services that can be tailored to their needs with a convenience that traditional banks cannot match.

“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,” said Moulay Abbas, President of BMCI.

Customers can download the Masrvi application with a cell phone, regardless of their wireless carrier. 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.

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