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The National Payment Systems Act 2018

The National Payment Systems Act 2018 (“the NPS Act”) provides for the regulation, overseeing and supervision of the national payment systems and payment systems being operated in Mauritius primarily for the purpose of ensuring their safe, secure, efficient and effective operation and accessibility to the public and designates the Bank of Mauritius as the authority for that purpose.  By virtue of Proclamation No.2 of 2019, the NPS Act came into operation on 31 January 2019.