Payment Intermediary Services unlock global online commerce: onboard international merchants, accept cards and alternative payment methods, route transactions to multiple processors to boost approval rates, support multi-currency pricing and settlement, orchestrate marketplace payouts, and streamline reconciliation, refunds, and chargebacks—backed by PCI-ready controls and real-time risk monitoring. Mauritius adds a practical launch base: a stable, business-friendly environment with strong banking connectivity, bilingual professional talent, and a time-zone bridge across Africa, Europe, and Asia—enabling round-the-clock operations and faster partner coordination.
How Renesis Financial Services helps you go live—confidently?
We translate your payment model into a launch-ready operation: map the scope, set up the entity and local footprint, prepare a complete application pack, and align governance, risk, and security controls (including PCI-readiness where relevant). We coordinate banking relationships and acquirer links, ready your tech stack for gateway and settlement flows, and establish ongoing monitoring and reporting so you can scale smoothly from day one.
(routing to multiple acquirers, onboarding international merchants).
Note: If you intend to operate within Mauritius (eg, local e-money issuance, domestic PSP or payment system operation), you fall under the Bank of Mauritius licensing under the NPSA—different capital thresholds and rules apply.
No. Domestic payment services and e-money issuance are regulated by the Bank of Mauritius under the NPSA 2018. PIS covers cross-border activity overseen by the FSC.
Current FSC guidance sets the minimum stated unimpaired capital at MUR 2,000,000 (or equivalent). Always check for the latest circulars/updates.
In practice, yes—PIS applicants are generally structured as GBCs and must demonstrate economic substance in Mauritius (eg, two Mauritius-resident directors, principal bank account in Mauritius, books/audit in Mauritius).
Timelines depend on completeness and due diligence. Mauritius has introduced a statutory framework to speed up determinations for complete applications, but actual timing varies case-by-case.
PIS can support gateway/acquiring and remittance models for offshore clients. Card issuance, wallets or domestic accounts generally fall under the BoM/PSP regime—requirements and capital are different.
On the FSC’s Register of Licensees.
Renesis Financial Services Ltd supports you end-to-end so you can launch and scale with confidence:
Feasibility & licence scoping – Map your business model to the correct regime (FSC PIS vs BoM PSP) and jurisdictions involved.
Entity setup & GBL structuring – Incorporation, Global Business Licence, and economic-substance blueprint (directors, banking, audit, office).
Licence application on FSCOne – Business plan, policies and procedures (AML/CFT, governance, risk, outsourcing, tech, incident response), and liaison with the FSC until approval.
Technology & security readiness – PCI DSS readiness roadmap (where card data is processed), vendor due diligence, and data-protection controls aligned to licence conditions.
Banking & operations – Principal bank account in Mauritius, acquirer partnerships, and settlement workflows consistent with cross-border scope.
Ongoing compliance – Periodic returns, transaction monitoring, risk assessments, policies refresh, and board reporting.
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