The Mauritius International Financial Center has gained a solid reputation as a well-regulated and transparent jurisdiction, and in a continuous effort to maintain the Mauritius International Financial Center as a leading jurisdiction worldwide, the country is now looking into the development of innovative financial services and of the Fintech industry.

To assist in the elaboration of a regulatory framework for the development of the Fintech industry in Mauritius, a Regulatory Committee on Fintec and Innovation-driven Financial Services was launched on Friday 9th February 2018, at the Financial Services Commission (FSC).

The purpose of the committee will be, among others, to assess the country’s current regulatory framework for Fintech and innovative financial services and put forward new regulations. In addition, it will also be mandated to identify priority areas for the regulation of Fintech activities, and to determine measures required to be put in place in view to sustain the development of the country’s Financial Services sector, including new regulations for different activity segments.