Service Overview
Entities engaged in providing payment processing, remittance, or digital wallet services must be licensed under the FSC’s Payment Intermediary framework. These licenses are essential for fintech and online payment businesses operating through Mauritius.
Key Services Regulated
- Payment Service Providers (PSP): Core payment processing services
- Payment Intermediary Service Providers (PISP): Intermediary payment services
- Merchant acquiring and processing: Merchant payment solutions
Key Requirements
- Robust AML/CFT policies
- IT infrastructure and cybersecurity measures
- Minimum capital and operational readiness
- FSC licensing and ongoing compliance
- Regular reporting and regulatory oversight
How Helm can assist
We guide you through license applications, set up compliance frameworks, coordinate IT audits, and manage ongoing reporting obligations.
Requirements
- FSC License: Must obtain Payment Intermediary license from FSC
- AML/CFT Policies: Must have robust AML/CFT policies and procedures
- IT Infrastructure: Must have secure IT infrastructure and cybersecurity measures
- Minimum Capital: Must meet minimum capital requirements
- Operational Readiness: Must demonstrate operational readiness and capabilities
- Regular Reporting: Must submit regular reports to FSC
- Regulatory Compliance: Must comply with ongoing regulatory requirements
