May I however seize this opportunity to state that in discussions about cryptocurrencies one crucial aspect in the digital evolution of the means of payments and settlements is often overlooked: a vast majority of money in a modern economy is already electronic money. In Mauritius, nearly Rs3 trillion of transactions are settled electronically on an annual basis.
Customers will be asked to complete a simple application form but will not have to pay any fees to acquire the new card. The Orient Bank is today also announcing the deployment of 250 new Point of Sale terminals, which will also accept any Visa branded cards.