Fintech & digital payments rules in Mauritius (2026)

The National Payment Systems Act 2018 governs authorisation, oversight and supervision of payment, clearing and settlement systems and payment service providers, with the National Payment Systems (Authorisation and Licensing) Regulations 2021 operational from 1 June 2021.

The Bank of Mauritius is the licensing and supervisory authority for payment systems, payment service providers and e-money issuers; the Financial Services Commission supervises non-bank financial services and fintech innovation more broadly.

Distinct licences exist for payment service providers, electronic money issuers (EMIs), payment initiation services (PIS) and account information services (AIS), with minimum capital tiers (e.g. ~MUR 5m for most services, MUR 3m for remittance/PIS and small e-money issuers, MUR 1m for AIS).

E-money issuers must segregate customer funds in trust accounts with Mauritian banks, perform regular reconciliation and provide annual auditor certification; BoM fit-and-proper, AML/CFT, reporting and cyber/technology-risk obligations apply.

The Mauritius Central Automated Switch (MauCAS), operated by BoM and launched in 2019, provides a 24/7 Instant Payment System and an EMVCo-based interoperable national QR code linking banks and licensed payment providers.

There is no dedicated open-banking framework or specific BNPL regime yet; open banking is being explored via the BoM Innovation Hub (Innov8, launched 2024) and a 2024 Regulatory Sandbox Authorisation guideline, while BNPL remains in early adoption.