Africa-Press – Mauritius. The financial services sector is the second largest contributor to our Gross Domestic Product (GDP) through a representation of 14% and generates direct employment for more than 15 000 individuals, recalled the Minister of Financial Services and Good Governance, Mr Mahen Kumar Seeruttun, on Friday 17 November 2023, at the 10th year celebrations of the Exinity Limited (Ltd) in Mauritius held at the Maritim Resorts & Spa, in Balaclava.
Exinity Ltd is a global FinTech business that focuses on the developing economies of Asia, the Middle East, and Africa. It has been operating in the financial markets since the 1990s with a global office network and serving clients worldwide.
In his address, Minister Seeruttun elaborated on the choice of existing international players such as Exinity Ltd as well as new firms in the financial services sector that are consistently showing interest in operating on the island.
This, he underscored, is testimony to the high level of confidence the Mauritian jurisdiction demonstrates and to the success of enabling frameworks that impact this crucial sector.
The Financial Services Minister dwelt onto initiatives taken as regards this sector to ensure that the ease of doing business in Mauritius continues to flourish.
These include: the review and monitoring of the regulatory framework that accompanies such development and; compliance with the latest global developments to make Mauritius a trusted International Financial Centre of choice.
In addition to this, Minister Seeruttun outlined the particular consideration attributed to developing technology-enabled financial services solutions and activities, also known as FinTech.
On this note, he reiterated the commitment to strengthen traditional advantages and open up new frontiers with innovative and highly competitive products and services.
The Minister affirmed that this industry is fueled by consumer confidence and trust, thus making it imperative that the Mauritius brand remains one of repute and stability. This, he added, will make business sense for both credible and reputable players to partner with Mauritius in their strategies.
Highlighting the achievements of Exinity Ltd and its technology platform, Mr Seeruttun illustrated the multiplier effects that companies with similar activities can have on the economy.
On this score, he expressed hope for the continuity of this strong collaboration between the public and private sectors and exhorted Exinity Ltd to pursue strategies to deepen roots in Mauritius so as to provide more job opportunities.
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