EDB issues five Regulatory Sandbox Licences to FinTech companies for their innovative projects

EDB issues five Regulatory Sandbox Licences to FinTech companies for their innovative projects

The Economic Development Board has issued five (5) Regulatory Sandbox Licences to FinTech companies for their innovative projects in Mauritius, pursuant to its powers conferred by Section 24 of the Economic Development Board Act 2017.

The Regulatory Sandbox Licence allows the companies to carry out their fintech projects and activities through Mauritius, even if there are no adequate provisions under any statutory enactment in Mauritius.

The projects have been recommended by the National Regulatory Sandbox Licence (NRSL) Committee, set up by the Government of Mauritius in September 2018 with a view to address all matters pertaining to Sandbox licensing for fintech activities.

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