Internet banking, or simply put, the conduct of banking activities by bank customers over the Internet, is well placed to drive Internet use in Mauritius into a new frontier. An explanation of issues relevant to Internet banking is given below. Your own bank will be able to provide you with further information about the Internet banking facility that they offer. Internet banking can offer you traditional as well as new services. For example, funds transfers, paying bills, and opening new accounts.
Innovative applications are also available through Internet banking.
For example, you may be able to copy your financial details listed on your bank's Internet account page into your own financial management software, saving re-entry time and avoiding errors. You may also be able to transfer funds from your bank account to open a personal eCash safe. Transactions are then possible across the Internet between PCs, without either party making direct withdrawals from or direct deposits to individual bank accounts. The obvious advantages of Internet banking are that it is convenient and fast. Also, transactions and requests can be processed instantaneously, without having to travel to a branch to access banking services.