Banking secrecy is a professional obligation, meaning that financial institutions shall not expose a customer’s financial information and they even have the right to resist any third party’s enquiries in order to protect the customer’s wellbeing. Secrecy laws have served to safeguard persons from financial failure in countries plagued by unsteadiness, fragile currency and run-away.
So reluctance to change appears as a major problem that hinders the use of internet banking in Mauritius. To promote internet banking, there is a need to devise new marketing campaign so as to target more elderly people informing them of the facilities of this service. Banks can include a chat forum on their websites as a solution. The chat forum can be a place where adopters can post their.
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The banking sector in Mauritius currently includes 22 banks licensed by the central bank, the Bank of Mauritius. Of these, 5 are local banks, 10 are foreign-owned subsidiaries, 1 is a joint venture, 4 are branches of foreign banks and 2 are private banks. Banks in Mauritius provide a wide variety of services, including: traditional banking; card-based payment services including credit and.
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