Regulatory Alerts2026-06-15
The National Payment Systems Act 2018
The Parliament of Mauritius enacted this Act to regulate, oversee, and supervise national payment systems and designate the Bank of Mauritius as the primary regulatory authority. The legislation establishes a comprehensive licensing framework for payment service providers and operators while mandating strict consumer protection standards regarding transparency and dispute resolution. It further empowers the central bank to enforce ongoing supervision, define system rules, and manage settlement finality to mitigate systemic risk and ensure financial stability.
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