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Mauritius Country Report

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  • Published Date: December 2016

A comprehensive overview of the cards, payments and consumer banking market in Mauritius.


  • The small island republic of Mauritius is now classed as an upper-middle-income country. This World Bank classification follows continued economic progress – by the end of 2015, GDP per capita stood at $8,642.
  • As of mid-2015, 16 banks issued payment cards, while 17 banks offered internet banking. Three mobile money deployments were in operation at the end of 2015.
  • This average total debt per household has increased from $3,420 in 2010 to an estimated $6,280 in 2016, which represents an increase of 83.6 per cent.
  • Mauritius is one of Africa's most advanced cards markets, with an estimated 1.7 cards in issue per adult at the end of 2016.
  • The credit cards market is competitive. Issuers are struggling to differentiate their standard and gold card offerings: banks are now concentrating on platinum cards to win over consumers.
  • The credit cards market is a profitable one, with pre-tax profits for all of the years under review. Lafferty estimates that industry-wide profits in 2016 will reach $22 million.
  • Credit cards are issued on four networks in Mauritius: Visa, Mastercard, American Express and UnionPay. Visa is the leading network, with an estimated 55 per cent of cards in issue at the end of 2016.
  • The Mauritian debit card space is notable for being the first market in Africa to launch UnionPay debit cards. Issued by second-largest issuer State Bank of Mauritius (SBM), UnionPay debit cards were first launched in 2014.
  • The dominant banks' issuers are Mauritius Commercial Bank (MCB) and SBM with market shares of 37 per cent and 24 per cent of credit cards in issue respectively.
  • The leading issuing banks in Mauritius also dominate the merchant acquiring sector.

Mauritius Payments Research | Report Contents

Key Points
The economy
Retail banking
Consumer finance market
Cards market
Profit pool
Pricing and enhancements
The networks: credit cards
The networks: debit cards
Merchant acquiring and processing
Online acquiring
Regulatory and other cards market information

Appendix I: Demographics

  • Population metrics
  • Ownership of key consumer goods
  • Internet usage by population

Appendix II: The economy

  • Major economic indicators

Appendix III: Retail banking

  • Major retail banking indicators
  • Banking/infrastructure penetration
  • Retail banks key metrics
  • Retail banks profit & loss metrics

Appendix IV: Consumer finance market

  • Consumer credit outstandings and indebtedness
  • Consumer credit outstandings by product

Appendix V: Cards market

  • Credit card numbers
  • Total credit card metrics
  • Consumer credit cards metrics
  • Commercial credit cards metrics
  • Credit cards profitability Indicators
  • Debit card numbers
  • Debit cards metrics

Appendix VI: E-money

  • Prepaid/e-money cards metrics
  • Mobile money metrics

Appendix VII: Profit pool

  • Profit pool

Appendix VIII: Pricing and enhancements

  • Card pricing and enhancements

Appendix IX: The networks: credit cards

  • Networks' credit card market shares
  • Networks' credit card numbers
  • Networks' credit card billed volume
  • Networks' number of credit card transactions
  • Networks' average credit card transaction value
  • Credit card interchange fees by network

Appendix X: The networks: debit cards

  • Networks' debit card market shares
  • Networks' debit card numbers
  • Networks' debit card billed volume
  • Networks' number of debit card transactions
  • Networks' average debit card transaction value
  • Debit card interchange fees by network

Appendix XI: Issuers

  • Key credit card issuers market shares by credit card numbers
  • Key issuers market shares in credit card outstandings
  • Key debit card Issuers market shares by debit card numbers

Appendix XII: Merchant acquiring and processing

  • Merchant acquirer credit card market share
  • Credit card merchant service charges
  • Merchant acquirer debit card market share
  • Debit card merchant service charges
  • Credit card issuer/issuing processor relationships
  • Credit card acquirer/acquiring processor relationships
  • Credit card issuing processor market shares by card numbers
  • Credit card acquiring processor market shares by the number of POS transactions

Appendix XIII: Online acquiring

  • Online merchant acquirer market share


Verisk financial reports include detailed market and competitor intelligence on payments cards, e-money, acquiring, retail banking, and consumer credit in Africa. Analysts use primary and secondary source data and conduct in-depth interviews with senior industry executives and Africa finance experts.

See more Africa Country Reports or explore the full range of cards and payments reports available for 72 markets worldwide.

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