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 debit card internet banking; and mobile banking facilities. Several banks also provide specialised services such as: fund administration, trusteeship, custodial services, structured trade finance, structured lending, international portfolio management, investment banking, private client activities, and specialised finance. International banks offer a range of global banking and financial services to institutional, corporate and private clients.