Mauritian financial group SBM has launched the World Elite Mastercard for its high-net-worth (HNW) customers.

The newly launched credit card offers a wide array of travel, lifestyle and insurance benefits to the cardholders.

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Powered by Mastercard’s contactless technology, the SBM World Elite card is accepted across all Mastercard-branded merchant locations and ATMs globally.

SBM Group chairman Kee Chong Li Kwong Wing said: “We are moving in a fast growing world where technology is becoming more and more important and the demand for innovative and secure payment solutions is increasing.

“This new offering is another example of our engagement to diversify our products and services and meet our customers’ satisfaction.”

The World Elite Mastercard provides users discounts on car rentals and complimentary nights at selected hotels.

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Additionally, it offers unlimited access to more than 900 airport lounges across the world and includes several insurance benefits.

Also, SBM customers can exchange their points for major loyalty currencies at airline and hotel programmes.

Mastercard Southern Africa area business head for Emerging Markets and Indian Ocean Islands Charlton Goredema said: “We are pleased to collaborate with SBM as the first bank to launch our most exclusive and premium offering in Mauritius.

“The SBM World Elite Mastercard credit card provides the convenience, flexibility, reliability and safety that every premium cardholder expects in the search for the finest that life has to offer, no matter where they are in the world.”

The SBM World Elite Mastercard is available in US, Euro and Mauritian currency. Non-SBM customers can also apply for the new offering.