An important function of the Central Bank is to oversee the payments system as inability to make payments in an economy would have a far reaching and widespread bearing on society. Technological infrastructure is perhaps the most important component to secure financial operations. Financial systems continuously need to adapt themselves to the rapidly increasing technological innovations.
This includes new products, necessitating increased awareness by the users and supervisors of the risks and benefits inherent in them. On this front, the Bank of Mauritius took proactive steps way before the financial crisis in 2007 to re-structure the Payment Systems and market infrastructures area and to endow the country with a modern and innovative payment system.