27 February 2026
The Bank of Mauritius has signed today a Memorandum of Understanding (MoU) with the Reserve Bank of India Innovation Hub (RBIH). This collaboration demonstrates the Bank of Mauritius’ sustained commitment to encouraging innovation, advancing digital capabilities within the financial sector, and supporting financial inclusion.
The MoU provides a structured framework for cooperation between the Bank of Mauritius and the RBIH. It defines areas for partnership, including knowledge sharing, technical assistance, and joint initiatives designed to foster innovation and strengthen resilience across the financial sector through the use of emerging technologies for the provision of banking and payment solutions and other financial services.
By partnering with the RBIH, the Bank of Mauritius intends to accelerate the adoption of emerging technologies, enhance regulatory frameworks, and bolster the resilience of the country’s financial system. In the wake of the MoU, the Bank of Mauritius and the RBIH will establish working groups to identify key priorities and formulate joint work plans.
Mr Sahil Kini, CEO of the RBIH, said: "Our partnership with the Bank of Mauritius reflects a mutual ambition to accelerate responsible fintech innovation. By aligning expertise and insight, we aim to drive meaningful and measurable progress."
After signing the MoU, Mr Ramsamy Chinniah, Second Deputy Governor of the Bank of Mauritius, stated: “The signature of this MoU highlights the focus of the Bank on strengthening its cooperation with its foreign counterparts. This cooperation between the Bank of Mauritius and the Reserve Bank Innovation Hub will undoubtedly benefit both institutions in their goal of fostering innovation while safeguarding financial stability. The timing of this signature could not be more fitting as the financial sector is currently undergoing unprecedented technology and innovation driven transformation.”
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