National Fintech Strategy 2026-2030 launched to position Mauritius as a leading financial hub

The National Fintech Strategy 2026-2030, developed with the technical assistance of the United Nations Economic Commission for Africa (UNECA), was launched today in presence of the Minister of Financial Services and Economic Planning, Dr (Mrs) Jyoti Jeetun, at the Atal Bihari Vajpayee Institute of Public Service and Innovation in Côte d'Or Technopole, Réduit. The Strategy seeks to position Mauritius as a trusted, innovative, and inclusive financial hub leader in the African continent.

The Minister of Information Technology, Communication and Innovation, Dr Avinash Ramtohul; and the Director of Economic Commission for Africa Subregional Office for Southern Africa of the UNECA, Ms Eunice Kamwendo, were among the main attendees.

On the occasion, a Memorandum of Understanding having as objective to strengthen collaboration between the Financial Services Commission (FSC) and the Bank of Mauritius in a bid to promote the sharing of information on Fintech was also signed. The signatories were the Chief Executive of the FSC, Mr Désiré Vencatachellum and the Governor of the Bank of Mauritius, Dr Priscilla Muthoora Thakoor.

In her address, Minister Jeetun highlighted that the financial sector is one of the strongest levers of economic democratisation in Mauritius and stressed the need for the country to adapt to the rapid changes driven by financial technology. She reiterated Government's vision to establish Mauritius as Africa's trusted fintech platform, powered by innovation, inclusion and cross-border collaboration.

According to her, digitalisation is transforming global finance through greater access to credit, facilitation of cross-border trade, tokenisation and the emergence of regulatory technology solutions. In this context, she indicated that Mauritius is positioning itself to leverage these opportunities and strengthen its competitiveness as a regional fintech hub, while accelerating the country's internal digital and financial transformation through the wider adoption of fintech solutions.

With regard to the strategy, Dr Jeetun identified six key pillars namely, Regulatory Framework and Innovation; Digital Infrastructure and Cybersecurity; Talent and Skills Enhancement; Innovation, Investment and Market Development; International Collaboration and Positioning; and Financial Inclusion, Consumer Awareness and Protection. Supported by measures announced in the Budget and the forthcoming Business Facilitation Bill, she expressed confidence that Mauritius will accelerate fintech adoption and digital finance, strengthen its role as an International Financial Centre, and drive the next phase of sustainable economic growth.

Furthermore, the Minister indicated that a National Fintech Governance Committee will be established to coordinate the implementation of the strategy across regulators, Government institutions and industry stakeholders. She also welcomed key budgetary measures such as introduction of a National Fintech Skills Framework and a Recognition of Prior Learning programme and implementation of a National AI Learning Platform and an AI Innovation Start-Up Programme to support skills development and innovation in the fintech sector.

For his part, Minister Ramtohul underlined that the successful, safe, and secure development of fintech requires continued strengthening of the country’s Critical Information Infrastructure and digital services. He highlighted the growing demand among young people for digital financial services, underpinning the need for an enhanced regulatory framework to support this evolution.

He also emphasised the importance of addressing the impact of AI on fintech applications, advocating for the establishment of an AI Act guided by the principles of fairness, accountability, inclusiveness, and responsibility.

Referring to the opportunities presented by the African Continental Free Trade Area, the Minister noted that it facilitates the movement of data across countries, making robust data governance increasingly important. In this regard, he pointed out that his Ministry is embarking on a data protection project, while noting that only 24,000 of 60,000 companies are currently registered as data controllers or processors. He thus highlighted key legislative frameworks supporting the digital economy, including the Electronic Transactions Act and the Data Protection Act.

25 June 2026

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Topics: Information Technology, Artificial Intelligence, Financial Services