Payments/MU
Mauritius
ISO MU · 3 schemes
Summary
- MauCAS national switch (Bank of Mauritius)
- Universal QR EMVCo-based standard
- UPI cross-border with India
- Free IPS A2A transfers (June 2024)
- 24/7 instant payment system
Banking landscape
Central Bank
- Name: Bank of Mauritius (BoM)
- Website: https://www.bom.mu/
- Role: Monetary policy, MauCAS operator
Major Banks (2024)
| Rank | Bank Name | Type | Digital Platform |
|---|---|---|---|
| 1 | MCB (Mauritius Commercial Bank) | Local | MCB Juice |
| 2 | SBM (State Bank of Mauritius) | State | SBM Mobile |
| 3 | Barclays/Absa Mauritius | International | Absa App |
| 4 | HSBC Mauritius | International | HSBC Mobile |
| 5 | Bank One | Local | Bank One App |
Market Structure
- MauCAS: Central switch (2019)
- 12 participants: Connected
- BoM: Sole operator
- Universal QR: Interoperable
Payment infrastructure
National Payment Systems
| System | Operator | Type | Status |
|---|---|---|---|
| MauCAS | Bank of Mauritius | National switch | Active (2019) |
| IPS | BoM | Instant payment | 24/7 |
| MACSS | BoM | Clearing | Active |
| Bank Cards | Various | Visa/MC | Active |
MauCAS Overview
- Launched August 2019
- Fully owned by Bank of Mauritius
- 24/7 operation
- Digital payment hub
- Multiple channels
Instant Payment System (IPS)
- Real-time credit transfers
- Clears within seconds
- All participating banks
- Free A2A transfers (June 2024)
QR code standards
MauCAS QR Code
| Attribute | Value |
|---|---|
| Launch | August 2019 |
| Operator | Bank of Mauritius |
| Standard | EMVCo |
| Type | Universal/Interoperable |
MauCAS QR Features
- Any customer pays any merchant
- Bank-agnostic scanning
- App-agnostic payments
- EMVCo QR specifications
- Static and dynamic QR
UPI Cross-Border Integration
- India UPI connectivity
- Seamless QR payments
- Traveler convenience
- Real-time processing
Channels Supported
- Browser payments
- POS terminals
- QR code scanning
- ATM transactions
- Branch operations
Mobile payment apps
| App | Provider | QR | Features |
|---|---|---|---|
| MCB Juice | MCB | Yes | MauCAS enabled |
| SBM Mobile | SBM | Yes | MauCAS enabled |
| pop | MIPS | Yes | QR interop |
| Bank Apps | Various | Yes | All connected |
MCB Juice Features
- MauCAS QR payments
- Instant transfers
- Bill payments
- P2P transfers
- Merchant scanning
Universal Interoperability
- All bank apps support MauCAS QR
- Single QR for all providers
- No lock-in to specific app
- Consumer choice
pop Platform
- QR code interoperability
- Multiple bank connection
- Merchant acceptance
- Consumer app
Schemes
| Scheme | Type | Symbology | Adoption | Technical standard |
|---|---|---|---|---|
| MauCAS QR | Universal QR | EMVCo | 2019 | maucas-qr |
| IPS | Instant | A2A | Free 2024 | — |
| UPI | Cross-border | QR | Active | — |
Sources
- Bank of Mauritius - MauCAS QR Code
- Bank of Mauritius - MauCAS QR Launch
- Bank of Mauritius - MauCAS
- AfricaNenda - Mauritius IPS Map
- Lightspark - Instant Payments Mauritius
- TransFi - Mauritius Payment Methods
- pop - QR Code Interoperability
- FSC Mauritius - Digital Payments
Full country report
Schemes
Standards
Primary · 1