{"id":28664,"date":"2023-04-20T16:53:42","date_gmt":"2023-04-20T16:53:42","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences"},"modified":"2023-04-20T17:08:17","modified_gmt":"2023-04-20T17:08:17","slug":"sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences","title":{"rendered":"STICPAY acquires Mauritius FSC and Labuan FSA licences"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>By purchasing Mauritius FSC\u2019s licence, STICPAY can operate from Mauritius as an online payment service provider (PSP), being able to accept electronic payments by credit cards, bank-based payments and real-time transfers based on e-banking.<\/p>\n

In addition, STICPAY\u2019s decision to acquire Labuan\u2019s FSA licence gives the e-wallet services provider access to developing markets across Southeast Asia.<\/p>\n

A growing number of Asian countries, especially those part of the Association of Southeast Asian Nations (ASEAN), are working on linking their domestic payment apps to allow interoperability and give access to instant cross-border transactions in multiple currencies.<\/p>\n

According to GlobalData, developing interoperable instant payment networks will further encourage people to switch to mobile payment solutions. Sean Park, CEO at STICPAY, said: \u201cSoutheast Asia is estimated to be the 4th largest economy by 2050.<\/p>\n

Thanks to our LFSA licence, we are now able to expand our core business and tap into this emerging market \u2013 and we will do so with the greatest level of regulatory standards and integrity<\/p>\n

\u201cThe acquisition of our Mauritius licence is another milestone in the growth of our business, and we are delighted that our three licences mean we can now operate with a truly global reach\u201d, Park added.<\/p>\n

Founded in 2018, STICPAY provides local and international payment methods to more than 1m users and 5,000 corporate clients in over 160 countries. In 2020, the company launched a new prepaid card, allowing users to spend or withdraw funds through its e-wallet solution.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. By purchasing Mauritius FSC\u2019s licence, STICPAY can operate from Mauritius as an online payment service provider (PSP), being able to accept electronic payments by credit cards, bank-based payments and real-time transfers based on e-banking. In addition, STICPAY\u2019s decision to acquire Labuan\u2019s FSA licence gives the e-wallet services provider access to developing markets […]<\/p>\n","protected":false},"author":84,"featured_media":28663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,245,304,241],"class_list":["post-28664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mauritius","tag-business","tag-mauritius"],"yoast_head":"\nSTICPAY acquires Mauritius FSC and Labuan FSA licences - Mauritius<\/title>\n<meta name=\"description\" content=\"By purchasing Mauritius FSC\u2019s licence, STICPAY can operate from Mauritius as an online payment service provider (PSP), b ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STICPAY acquires Mauritius FSC and Labuan FSA licences\" \/>\n<meta property=\"og:description\" content=\"By purchasing Mauritius FSC\u2019s licence, STICPAY can operate from Mauritius as an online payment service provider (PSP), b ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-20T16:53:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-20T17:08:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/04\/postQueueImg_1681993589.23.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"412\" \/>\n\t<meta property=\"og:image:height\" content=\"274\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"STICPAY acquires Mauritius FSC and Labuan FSA licences\",\"datePublished\":\"2023-04-20T16:53:42+00:00\",\"dateModified\":\"2023-04-20T17:08:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences\"},\"wordCount\":259,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/04\/postQueueImg_1681993589.23.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Business\",\"Mauritius\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/sticpay-acquires-mauritius-fsc-and-labuan-fsa-licences\",\"name\":\"STICPAY acquires Mauritius FSC and Labuan FSA licences - 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