Mauritius Commercial Bank (MCB) has inked a deal to enable MasterCard debit cardholders for the first time be able to make online payments in Mauritius, and internationally, effective February 2016.
Until now, online shopping in Mauritius has only been possible with a credit card, a means within the reach of 121,000 Mauritians. As from February 2016, thanks to MCB’s historical partnership with MasterCard, more than 600,000 people will have access to the world’s biggest shopping mall: the world itself.
Debit cards are popular in Mauritius and most Mauritians use their debit cards in shops, supermarkets, restaurants and other retail or leisure outlets where Point of Sale (POS) devices are available. As from February 2016, any Mauritian who has an MCB MasterCard debit card will be able to shop online, securely. In fact, the debit cards will be protected by MasterCard’s SecureCode technology, ensuring peace of mind to all online shoppers.
E-commerce is flourishing in Mauritius and the statistics are there to prove it. During this year, Mauritians spent more than Rs 1 billion (approximately ZAR 450 million), whilst half a million transactions were effected. The transactional volume has increased by 41% during the year, whereas the number of online transactions also increased by 44%. With the added possibility to shop online with a debit card, these e-commerce stats are bound to rise further.
The top ten most popular online stores for Mauritians to shop are: Paypal, AliExpress, Google, iTunes, Amazon, Facebook, ACCA, Air Mauritius, ASOS and Emirates Airlines.
For data, background and forecasts on MasterCard: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).