Mauritius Concrete Step Towards a "Cashless Society"

1 430 901. The number of credit cards in circulation in Mauritius - debit and credit, among others, recorded in May 2013, against 1.3 million in January 2012 identified the cards, according to recent statistics from the Bank of Mauritius (BoM) . And on Internet Banking, the BoM noted some 385.013 transactions recorded in May 2013, against 283.585 transactions in the same period last year, an increase of more than 100,000 a year. The figures speak for themselves. Maurice moves to concrete step towards a "cashless society".  

"The number of payment transactions live, performed at retailers grew by 20% during 2012," says Ryan Coopamah, Head of Communication SBU. And further that the Internet Banking and Mobile Banking also have the side because they are local channels available 24h/24 that offer great freedom and flexibility to customers. "The Internet Banking service is free and offered routinely to all our customers and they are actually interested in managing their account themselves autonomously," adds Veronica Bazerque, Communications Manager at the Bank of the Mascarene Islands. 

As for the Mauritius Commercial Bank (MCB), it innovates with new "Juice" concept, a service that allows customers to use mobile phones to make purchases, money transfers and ATM withdrawals without credit card. In a country like Mauritius, where there are more mobile phones than people, it hangs concept supports Ryan Coopamah. 

Moreover, all turnkey solutions simplify our everyday life, says Sharona Ramboccus, CFA, Chief Investment Officer, DMH Associates Ltd.. "I'm rarely as possible to the Bank for banking transactions and processes rarely cash ... electronic purchases, the use of internet banking, SMS refill ... Anyway! The cashless concept, with all its freedom and flexibility appealed to me, "says our interlocutor. 

For Margaret Pan Sin, manager of two restaurant chains, e-banking it greatly facilitates the task regarding the management of its business. It carries out, among other things, the payment of wages via internet banking: "It saves us a lot of time, but we also find that our employees use, them, telephone banking to check if the wages are paid, reducing demands permission from them to go to the bank ", says the businesswoman.