Can a payment licence sit alongside other FSC licences?

Yes. Many firms hold a payment licence alongside other FSC licences such as Investment Dealer or VASP. Each licence is a separate application but can sit under the same GBL.

Structures / PI

Payment / Financial Institutions

Q: What payment licence does the FSC offer?

The FSC's codified financial business activity for this sector is Payment Intermediary Services (PIS), covering payment intermediary services such as acquiring and execution of payment transactions and money remittance conducted exclusively outside Mauritius. The minimum stated unimpaired capital requirement is MUR 2,000,000 (or its equivalent in another currency).

Payment Intermediary Services (PIS) licensing under the FSC.

Payment Intermediary Services licensing for fintechs, banks and digital platforms operating from Mauritius. PIS covers payment intermediary services such as acquiring and execution of payment transactions and money remittance conducted exclusively outside Mauritius.

At a glance

Statute: Financial Services Act 2007
Categories: Payment Intermediary Services (PIS)
Capital: MUR 2,000,000 minimum stated unimpaired capital (or currency equivalent)
Tax: 15% headline rate; effective rates can be as low as 3% on qualifying income, subject to applicable conditions
Setup: 8–12 weeks
Scope: Payment intermediary services conducted exclusively outside Mauritius