Modernisation of MACSS The MACSS, a real time gross settlement system, provides the means for real time interbank payments and is used to settle cheque clearing positions of the Port Louis Automated Clearing House for the final settlements of the Contribution Network Payment to the accounts of the Mauritius Revenue Authority and for settlements for the Central Depository System.
The pressing demands of the growing financial sector and increasing cross-border transactions poses new and complex challenges to the current payment system infrastructure. The need for a more dynamic, flexible and business-friendly payment system capable of better resisting systemic shocks and providing for international exposure is increasingly felt.