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Mauritius
Mauritius Central Automated Switch (MauCAS)
Scheme name: Mauritius Central Automated Switch (MauCAS)
IIPS Type: Cross-domain
Instruments: Credit EFT, Debit EFT, E-money
Channels: App, Browser, POS, QR
Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Fees & taxes (P2G), Salaries & wages (B2P), Cross-border
Inclusivity level: Progressed
Year of establishment: 2019
System owner: Bank of Mauritius
Overseer: Bank of Mauritius
Operator: Bank of Mauritius
Total Participants: 14
Volumes 2023: 6,630,914
Values 2023: 532,280,041 USD
Back to map| Category | Mauritius Central Automated Switch (MauCAS) |
|---|---|
| Geographic reach | Domestic |
| Geographic description | Mauritius |
| Scheme governance | Bank of Mauritius |
| Settlement agent | Bank of Mauritius |
| Participants - commercial banks | 11 |
| Participants - MMOs | 1 |
| Participants - non-bank PSPs | 2 |
| Participants - MFIs | 0 |
| Volumes 2020 | 212,491 |
| Volumes 2021 | 837,043 |
| US$ Exchange Rate 30 April | 45.2464 |
| Values 2020 | 6,798,408 USD |
| Values 2021 | 63,382,318 USD |
| Values 2022 | 213,230,801 USD |
| Values 2023 not-on-us transactions (US$) | 532,280,041 USD |
| Values 2023 on-us transactions (US$) | N/A |
| Total value of instant payment transactions 2023 (US$) | 532,280,041 USD |
| Interoperability arrangement | Payment system operator |
| Ownership model | Regulator-owned |
| Governance Typology | Central bank |
| Scheme rules shared or publically available? | No |
| Messaging standard | ISO 20022 |
| Types of proxy IDs | QR code |
| Use of open APIs | Yes |
| QR code standard | N/A |
| Pro-poor governance | Yes |
| CB governance involvement | Yes |
| Expanded use Cases | No |
| Minimum channel functionality | Yes |
| Minimum use case functionality | Yes |
| All licensed PSPs can participate (all-to-all interoperability) | Yes |
| Recourse | No |
| Not-for-loss | Yes |
| Status | Reached progressed level, with potential to reach mature level. |
| Strengths/drivers | Fulfilment of progressed criteria as well as a already fulfilling the not-for-loss business model provides a good base to reach mature level. |
| Areas of development | Areas for development include expanding use cases further and implementing consumer recourse requirements. |
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