It introduces the concept of dissociating an account from a payment service. Thus, any person can avail the service offered by any operator, bank or non-bank, and tie it with an existing account in another bank. This will allow new payment services to emerge while letting banks maintain their customer base.
MauCAS allows non-bank payment service operators to access selected account details of their customers in banks through the Bank of Mauritius under strict security norms. This provision represents our adherence to the European Payment Service Directive 2, which sets the legal framework for banks to open their core banking systems through application programming interfaces (APIs).