Bank One unveils its New Range of Premium Mastercards, giving customers access to Priceless Travel and Lifestyle Benefits

Port Louis, Mauritius – 08 November 2022: Bank One announced today its partnership with Mastercard to roll out its whole new range of world-class debit and credit cards. The bank officially unveiled the new cards menu during a cocktail organized at Domaine de Labourdonnais in Mapou, on Friday 4 November 2022, in the presence of its customers, collaborators and the Mastercard team.

The new Mastercard range consists of Business debit and credit, Platinum debit and credit, and World credit cards, providing business professionals and individual customers with exclusive premium benefits and lifestyle privileges. Depending on the category, cardholders will enjoy access to a wide range of new features from up to 1% unlimited cashback on all purchases, to complete peace of mind through purchase protection insurance. The cards are widely accepted at millions of retail locations, and ATMs both locally and abroad, and feature the latest EMV technology, providing an extra layer of security to protect transactions.

“In the rapidly changing world of financial services, payments are a key enabler. Over 70% of our customers regularly use our debit and credit cards as their preferred mode of payment. Our aim is to offer our customers innovative payment services and the best possible value. That is why we have taken the time and great care to choose a partner that can deliver on our vision of excellence and innovation,” says Mark Watkinson, Chief Executive Officer of Bank One.

“People are increasingly looking for experiences that drive personal growth and happiness. We are very excited to partner with Bank One to launch this new range of premium cards aimed at curating incomparable experiences for these discerning consumers and their loved ones. At Mastercard, we share Bank One’s vision and are committed to empowering consumers with even more value, by making transactions safe, seamless, and rewarding,” says Shehryar Ali, Country Manager, East Africa at Mastercard.

“The launch of the Bank One Mastercard is not just the migration of our cards but the start of a new chapter to bring the best value to our customers in all the markets we serve, here in Mauritius and across sub-Saharan Africa. These new cards have world-class features and benefits. Cards is a fast-evolving space globally, so we will continue to innovate to always provide our customers with the best solutions and experiences,” adds Bhavya Shah, Head of Personal Financial Services at Bank One.

Research from the Mastercard Economics Institute finds that global leisure and business flight bookings has surpassed pre-pandemic levels, while spending on cruise lines, buses, and trains saw sharp improvements this year, signalling a key milestone in the global travel recovery.

The newly launched card suite works together with Mastercard destination and lifestyle programs to offer exclusive benefits and privileges for cardholders looking to access the best value and experiences across travel, dining, shopping, sports, entertainment, and the arts.

Bank One also announced that the launch of the new cards is only beginning of an exciting journey for the Bank and its customers. The bank looks forward to continually providing its customers with innovative payment services and full digital access to their finances. To apply for a Bank One Mastercard, simply walk into the nearest Bank One branch or visit our website www.bankone.mu.

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 Notes to editor

 The Bank One Mastercard debit and credit cards offer world-class protection and premium perks to suit their customers’ fast-evolving lifestyle.

Platinum debit and credit card

Bank One’s new Mastercard Platinum debit card provides cardholders with 10% cashback on accommodation at Booking.com, 10% discount on airfares at TravelStart, and much more, while the Platinum credit card offers 0.5% unlimited cashback on all purchases, and up to 10% off on selected brands at farfetch.com.

Business debit and credit card

For the business professional and entrepreneur, Bank One Mastercard business debit and credit cards provide complete peace of mind for online transactions, with purchase protection in case of non-delivery or incomplete delivery of internet purchases and protection in case of theft or accidental loss.

World credit card

The Bank One Mastercard World credit card is for the heavy card user and frequent traveller. Over and above a 1% unlimited cashback on all purchases, it offers a range of bespoke privileges including unlimited access to premium airport lounges, airlines and car rental and chauffeured vehicle discounts, and premium merchant offers. For complete peace of mind, cardholders are also protected with travel inconvenience insurance, travel medical insurance, and a travel insurance confirmation letter.

About Bank One

Bank One is a joint venture between CIEL Finance Limited in Mauritius and Kenya-based I&M Group PLC. Over the last decade, it has built a client base of over 50,000, a dedicated team of over 425 experienced collaborators and an asset base exceeding MUR 45 billion. Bank One provides a wide range of banking products and services to its clients through a geographic footprint spread across the island of Mauritius, comprising of 7 branches and a well-distributed ATM network. It also plays an active role in supporting businesses in sub-Saharan Africa. Bank One has deep development finance institution relationships and long-term funding lines in place with the German Investment Corporation (DEG), the International Finance Corporation (IFC) and the French Development Agency (Proparco). Bank One has been rated 'BB-' with a Stable Outlook by Fitch Ratings.

Communication Contacts:

• Ali Mamode, Head of Marketing & Communications, Bank One

Tel: +230 202 9247, +230 5713 5924

Email: ali.mamode@bankone.mu

• Birgit Deibele, Director Communications, Mastercard

Email: Birgit.deibele@mastercard.com