Fintech in Mauritius - TBI Mauritius

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Fintech In Mauritius
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Mauritius Africa Fintech Hub

• The Mauritius Africa FinTech Hub (MAFH) has been
  set up with assistance from the Mauritius
  government and Economic Development Board to
  bring some substance to the environment needed to
  promote Mauritius on this front. This hub brings
  together innovators, entrepreneurs, government
  agencies and corporates, as well as working with
  other African Fintech Hubs to allow financial
  service providers and Fintech companies to work
  together to create products in a safe, innovative
  and nurturing environment. They were even giving
  free office space for those wanting it!

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Regulatory Sandbox Licence

• The Regulatory Sandbox Licence was created to
  enable innovative businesses to exist where there
  is no current legal or regulatory framework. It
  is run in Mauritius through the Economic
  Development Board, and allows companies to start,
  in a well-defined and controlled manner allowing
  the authorities to understand it and either work
  to draft new legislation or find another way to
  keep innovation alive. This is predominantly
  aimed at Fintech projects but ultimately it is
  open to any RegTech, PropTech, EdTech etc.

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The Digital Custodian Licence

• The Custodian Services (Digital Asset) Licence
  was enabled in 2019 to create a licence for those
  who want to store digital assets on anothers
  behalf. The Financial Services (Custodian
  Services (Digital Assets)) Rules 2019 came into
  operation in March 2019. Most of us are familiar
  with the role of a Custodian and this simply
  allows the licencee to offer the facility to hold
  digital assets. In a September 2018 Guidance Note
  the FSC has recognised digital assets as an asset
  class for sophisticated and expert investors.

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Security Token Offerings

• Since digital assets are deemed Securities, it
  follows that a Security Token Offering is
  regulated in Mauritius by the Securities Act.
  Thanks to Guidance Notes issued by the FSC,
  Securities Token Offerings and Security Token
  Trading Systems are both permitted and provided
  for and this is another string to the bow for
  FinTech in Mauritius.

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Thank You So Much