Last week, Singapore fintech association, the SFA, together with Mauritius Economy Development Board, hosted a session to share insights and opportunities in Mauritius. OneCompliance as the introducer of Mauritius Fintech regulation consultant joined the session.
The exclusive session, brought together high-level executives from the Economic Development Board of Mauritius, including the Deputy CEO, to delve into the promising landscape of fintech in Mauritius. The event aimed to provide insights into the vast opportunities available in the region and shed light on why East Africa is becoming increasingly attractive to fintech companies around world.
**Session Recap**
1. **Exploring Investment Opportunities in Mauritius:** The session emphasized Mauritius as a gateway to Africa, comparable to Singapore in ASEAN, highlighting its emergence as a financial center. The Economic Development Board has played a pivotal role in this transformation.
2. **Digital Laws and Regulations: ** Mauritius has enacted forward-thinking digital laws and regulations in the realms of digital banking, payment services, and virtual assets. These measures are aimed at positioning Mauritius as the Fintech Hub of the region.
3. **Virtual Asset Licenses: ** Attendees gained valuable knowledge about the five classes of Virtual Asset licenses available, including exchange, broker-dealer, wallet services, and more.
4. **Case Study: Coins PH:** The session featured a compelling case study of Coins PH, a successful Asian company that has expanded and established its fintech presence in Mauritius, Thailand and Philippine. Mr. Zhou, the CEO of Coins, shared his story of business growth in fast growing markets with the propel of license and compliance.
The event offered attendees a comprehensive understanding of Mauritius as a burgeoning fintech hub in East Africa. It highlighted the robust regulatory framework and the wealth of opportunities available to Singapore-based fintech companies. With a dynamic and diverse market, Africa is nurturing a thriving ecosystem of fintech solutions that are reshaping banking, payments, and investments.
The participants were encouraged not to miss out on the tremendous potential that fintech in Mauritius offers. The session concluded on an optimistic note, with the promise of unlocking the vibrant continent’s potential and embracing the future of finance.
For more information and inquiries, please feel free to reach out at
grace.chen@1compliance.group
**Think Africa, Choose Mauritius! 🌍🇲🇺**
