# Mauritius Commercial Bank (MCB)

> Source: https://docs.barcoder.ai/docs/wallets/mcb-mauritius
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [MCB Mauritius — official](https://www.mcb.mu/)

## Key details

- **Users:** 1M users

## Overview

**Mauritius Commercial Bank (MCB)** is **Africa's oldest commercial bank since 1838** + **~1M MCB Juice mobile banking users** + **~40% Mauritian banking market share** + **one of the largest African banking groups** + **MCB Juice mobile banking + cross-border banking across Mauritius + Madagascar + Maldives + France + Réunion + Seychelles + South Africa + Kenya + Ghana** <sup>[1][1], [Mauritius report](https://docs.barcoder.ai/docs/payments/MU)</sup>. **2025 baseline**: MCB Africa's oldest commercial bank since 1838 + ~1M MCB Juice mobile banking users + ~40% Mauritian banking market share + one of the largest African banking groups.

## History

**Sep 1 1838 — Mauritius Commercial Bank founded** as Africa's oldest commercial bank.

**1989 — MCB SEM IPO under ticker MCBG (Stock Exchange of Mauritius)** distinctive Mauritian banking listing.

**2014 — MCB Group Ltd holding company restructuring**.

**2012 — MCB Juice mobile banking app launch** distinctive Mauritian mobile banking strategy.

**2018-2024 — MCB pan-African + Indian Ocean banking expansion (Madagascar + Maldives + Seychelles + South Africa + Kenya + Ghana operations + France Réunion European subsidiary)**.

## Ownership & operator

**Operating entity**: **The Mauritius Commercial Bank Limited** (SEM: MCBG; Africa's oldest commercial bank since 1838; MCB Group Limited holding parent).

**Major shareholders**: **National Pensions Fund Mauritius + Promotion and Development Limited + Mauritian retail + institutional + foreign investors**.

**Regulators**: **BoM (Bank of Mauritius) + national regulators across 9 countries**.

## Technical integration

MCB Juice mobile banking app (iOS + Android; ~1M users) + mcb.mu online + MCB branch network across Mauritius + Madagascar + Maldives + France + Réunion + Seychelles + South Africa + Kenya + Ghana + MCB Visa + Mastercard cards; MauRIS + SEPA (partial; via France Réunion).

## Implementations & partners

**Major Mauritian + African banking competitors**: [SBM Bank Mauritius](https://docs.barcoder.ai/docs/wallets/sbm-mauritius) (SBM Bank Mauritius; SEM: SBMH; Mauritian commercial bank + Kenya + India + Madagascar + Seychelles operations) + [Absa Bank](https://docs.barcoder.ai/docs/wallets/absa) (Absa Group South African parent; African banking expansion across 12 countries + Mauritius operations) + [AfrAsia Bank (Mauritius)](https://docs.barcoder.ai/docs/wallets/afrasia-bank) (AfrAsia Bank Mauritian commercial bank focused on private + wealth banking) + Standard Chartered Mauritius (Standard Chartered Mauritius) + HSBC Mauritius (HSBC Mauritius) + Barclays Mauritius (Barclays Mauritius pre-Absa).

**Regulators**: BoM + national regulators across 9 countries.

## Status

**Active, Africa's oldest commercial bank since 1838 + ~1M MCB Juice mobile banking users + ~40% Mauritian banking market share + one of the largest African banking groups** <sup>[1][1], [2][2]</sup>:
- **The Mauritius Commercial Bank Limited (SEM: MCBG; Africa's oldest commercial bank since 1838)** since Sep 1 1838 Mauritius Commercial Bank founding + 1989 MCB SEM IPO under ticker MCBG + 2014 MCB Group Ltd holding company restructuring + 2012 MCB Juice mobile banking app launch + 2018-2024 MCB pan-African + Indian Ocean banking expansion.
- **BoM regulated**.

## Sources

[1]: https://www.mcb.mu/ "MCB Mauritius — official"
[2]: https://en.wikipedia.org/wiki/Mauritius_Commercial_Bank "Mauritius Commercial Bank — Wikipedia"
[mu-cro]: https://docs.barcoder.ai/docs/payments/MU

- [1] [MCB Mauritius — official][1]
- [2] [Mauritius Commercial Bank — Wikipedia][2]
- <sup>[Mauritius report](https://docs.barcoder.ai/docs/payments/MU)</sup> In-corpus: `reports/countries/MU-mauritius.md`

## Source

Biography extracted from [mcb-mauritius.md](https://docs.barcoder.ai/source/wallets/mcb-mauritius). See `matrix.md` for standards-support matrix if present.