Standard Chartered and MauBank today announced the commencement of a correspondent banking relationship further strengthening cross-border financial connectivity from the Mauritius International Financial Centre and expanding access to global banking services. In addition to offering enhanced payment and trade finance solutions, Standard Chartered will be offering US Dollar clearing to MauBank.
Abrar A. Anwar, Chief Executive Officer and Head of Coverage, Standard Chartered Mauritius remarked: “We are excited to further leverage our global network and experience in support of greater access for the Mauritius financial sector across the globe. We are proud to support MauBank to enhance and strengthen their correspondent banking services. This partnership enables MauBank to now offer their clients services across several currencies, making it easier for them to send and receive remittances to and from key markets, including the USA, Germany, India, the United Arab Emirates, the United Kingdom, and East Asia, including China.”
Vydelingum Vishuene, Chief Executive Officer, MauBank said: “As global transactions become increasingly central to the way our clients do business, we’re structuring the infrastructure that supports that reality. The sustained growth in US dollar transaction volumes made it necessary to expand our correspondent banking structure. By appointing Standard Chartered as an additional partner, we gain more flexibility, improve settlement resilience, and strengthen our ability to support cross-border remittances, particularly in high-demand corridors. For our clients, whether they’re businesses trading internationally, members of the diaspora, or investors, this means faster, more reliable access to key markets.Beyond the operational edge, it reaffirms our role as a strategic enabler of cross-border business, facilitating economic flows into and out of Mauritius and broadening access to global financial infrastructure.”
The announced partnership reflects an ongoing and shared commitment to unlock opportunities for growth within the Mauritius financial sector. Further, the collaboration contributes to increased awareness of the Mauritius International Financial Centre and its capabilities.
