Mauritius Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in mauritius, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Trade Financing
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Methods of Payment

Mauritius has a well-developed financial system that supports a variety of payment methods, both for business-to-business (B2B) and business-to-consumer (B2C) transactions. Below are the most common methods of payment: 
1.  For B2B Transactions: 

  • Bank Transfers:  Wire transfers via SWIFT are the most common method for international transactions. The banking system in Mauritius is modern and efficient, with several international banks operating in the country.
  • Letters of Credit (L/Cs):  Letters of credit are widely used for international trade, particularly for high-value transactions. They provide security for both buyers and sellers.
  • Open Account Terms:  These are less common but may be used for trusted, long-term business relationships.

 
2.  For B2C Transactions: 

  • Credit and Debit Cards:  Visa and Mastercard are widely accepted, both online and in physical stores. American Express is less commonly used but still accepted in some locations.
  • Mobile Payment Solutions:  Mobile wallets like Juice (offered by Mauritius Commercial Bank) and My.T Money (offered by Mauritius Telecom) are increasingly popular for local transactions, particularly among younger consumers.
  • Cash on Delivery (COD):  COD remains a preferred payment method for e-commerce purchases, especially for consumers who are less comfortable with online payments.
  • Bank Transfers:  Some consumers prefer direct bank transfers for larger purchases. 


3.  Currency:  The local currency is the Mauritian Rupee (MUR). While foreign currencies like the U.S. Dollar and Euro are accepted in some high-end establishments, most transactions are conducted in MUR.                                                                          
4.  E-Commerce Payments:  Online payment gateways such as PayPal, PayGate, and 2Checkout are available, but businesses should ensure their platforms are integrated with local payment solutions to cater to Mauritian consumers. 

Key Considerations 

  • Businesses should ensure compliance with the BoM regulations on electronic payments and anti-money laundering (AML) measures.
  • Offering multiple payment options, including mobile wallets and COD, can help capture a broader customer base.
  • For international transactions, businesses should be aware of exchange rate fluctuations and consider hedging strategies if necessary.
  • By tailoring selling techniques to local preferences and offering flexible payment options, businesses can effectively position themselves in the Mauritian market. For more information on payment systems and financial regulations, visit the BoM website at www.bom.mu. 

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Global Business Navigator Chatbot Beta

Welcome to the Global Business Navigator, an artificial intelligence (AI) Chatbot from the International Trade Administration (ITA). This tool, currently in beta version testing, is designed to provide general information on the exporting process and the resources available to assist new and experienced U.S. exporters. The Chatbot, developed using Microsoft’s Azure AI services, is trained on ITA’s export-related content and aims to quickly get users the information they need. The Chatbot is intended to make the benefits of exporting more accessible by understanding non-expert language, idiomatic expressions, and foreign languages.

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