Bank of Mauritius seeks more clarity in payments law
Draft bill provides “comprehensive legislation”, central bank says
The Bank of Mauritius has published a draft bill that would provide the central bank with new regulatory powers over “payments-related issues” in the country
The powers would cover the activities of payment intermediaries and “emerging payment methods” operated by non-banks. These are currently “not under the purview of the bank”, a spokesperson said.
As part of its mandate, the central bank acts as the provider of an “efficient payment, settlement and clearing system” for Mauritius. The draft
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