A national switch to bring financial inclusion and cost effectiveness in the payment value chain
With the switch, Bank of Mauritius, the national regulatory authority for financial institutions, makes financial stability a reality. Sustainable consumer protection is insured through simplifying the clearance process, reducing transactions costs and enabling merchants to share point-of-sales terminals and citizen to use ATMs of any bank.
In addition to ensuring interoperability between banks, Bank of Mauritius has an ambitious program to connect telecom operators, transport, government and financial institutions to this platform to encourage electronic payments in the country; the bank is focused on achieving sectorial convergence and is making it a priority.
