Mauritius Payment Intermediary Services (PIS)
Financial Asset Details
Mauritius Payment Intermediary Services (PIS) Licensed Entity
• Year of incorporation: middle of 2024
• License issued: early 2026
• Activity: No operations before
• Clients' onboarding: none
• Bank account: none
Documentation: AML/CTF, Business plan, tech provider's agreement, appointments of directors and compliance officers, company name change and etc.
2 local directors can potentially stay within the business
Typical business models operating under the licence:
• PSPs (payment service providers)
• Payment gateways
• Merchant aggregators
• High-risk merchant processors
• Cross-border ecommerce processors
• Wallet-based fintech platforms
In practice, holders can usually offer the following services to international clients:
• Online payment gateway services
• Merchant acquiring / merchant onboarding
• Card payment processing (Visa, Mastercard, etc.)
• Cross-border payment processing
• Multi-currency payment acceptance and settlement
• Alternative payment methods (bank transfer, local payment methods, etc.)
• E-wallet / stored-value wallet functionality (depending on approval scope)
• Marketplace payouts and merchant settlements
• Refund and chargeback handling
• Payment orchestration / routing to multiple acquirers
• Transaction monitoring and fraud screening
Financials (USD)
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