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PRESS RELEASE

MAUBANK LTD DEPLOYS CONTACTLESS TECHNOLOGY IN PARTNERSHIP WITH M2M GROUP

Casablanca/Mauritius, September 2020. M2M Group announces the go live of a state of the art contactless technology on Maubank’s ATM network
across Mauritius.

M2M Group has entered into a long term valued partnership with Maubank Ltd back in 2016 for the seamless migration of previous electronic payment platforms towards MX Payment™, following the merger between National Commercial Bank Ltd and Mauritius Post and Cooperative Bank Ltd. As a result, Maubank Ltd became one of the major actors in the Mauritians banking industry. Today, M2M Group’s MX Payment™ provides Maubank Ltd with unmatched performance and agility across the multi-channel payment value chain, including issuance management (credit, debit), acquisition (ATM, POS & internet), switching, proactive risk & fraud solutions and 3D secure’s strong
authentication. Within the terms of the partnership guaranteeing an accelerated time-to-market for launching innovative products, M2M Group has continued its support for card products, online & mobile banking along with other payment services including the latest contactless ATM feature, in line with Mauritius’s contactless payments strategy !