Sandeep Chagger (COO) and Uways Kureeman (Country Head Mauritius) of Peach Payments Mauritius explain how the Mauritius International Financial Centre (IFC) is swiftly becoming a pivotal hub for global and regional companies seeking to optimise online payment acceptance and centralise treasury operations, especially in the context of cross-border ecommerce and digital trade.
Through their set-up in the Mauritius IFC, global and regional companies can accept online payments from customers worldwide, designating Mauritius as their global or regional billing centre. Funds collected in multiple currencies can be consolidated within the Mauritian entity, enabling efficient and centralised management of both regional and global treasury operations.
The Global Treasury Survey 2025 by PwC shows that treasurers are adapting to an increasingly complex environment shaped by economic volatility, uncertainty in interest rates and inflation, regulatory shifts and a resurgence in global trade tensions. Hence, such companies need access to a jurisdiction that promises them political and economic stability, ease of capital controls, multi-currency conversions, tax treaties with multiple jurisdictions, robust governance frameworks, as well as a fertile FinTech ecosystem to receive funds and make payments.
Companies benefit from Mauritius' ease of exchange controls, allowing seamless movement of capital and liquidity management to fund subsidiaries and operations across different countries. This flexibility streamlines cross-border transactions and treasury
functions for international businesses.
Political and economic stability: As an enduring democracy, Mauritius continues to be a regional leader when it comes to political stability, ranked first in education and second in overall governance in the 2024 Ibrahim Index of African Governance. Further, the OECD Review of December 2024 notes that Mauritius' economy continues to grow strongly, with
real GDP projected to rise by 6.1% in 2024, 5% in 2025 and 4% in 2026.
Multi-currency facilities: Mauritius allows businesses and funds to operate multi-currency bank accounts and businesses can collect online payments in multiple currencies, including MUR, USD, EUR, GBP, ZAR, JPY, AED, CAD, CHF, AUD, HKD and SGD.
Free capital conversion: Mauritius imposes no foreign exchange controls. Capital, profits and dividends can be freely repatriated in and out of the country. Wide DTAA and IPPA network: Mauritius has Double Taxation Avoidance Agreements (DTAAs) in place with
45 countries and offers Investment Promotion and Protection Agreements (IPPAs) with 25 countries.
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