PAYMENT AND SETTLEMENT SYSTEMS
Payment and settlement systems are the arrangements which facilitate the clearance and settlement of monetary and other financial transactions. Safe and efficient payment and settlement systems promote economic and financial development and underpin financial stability by mitigating settlement risks associated with financial transactions.
The Payment and Settlement Systems in Mauritius comprise two main payment infrastructures that enable all payment and settlement activities in Mauritius:
1. The Mauritius Automated and Clearing and Settlement System (MACSS)
2. The Port Louis Automated Clearing House (PLACH)