As you are aware, more than 25 years ago, Mauritius embarked on the road to automation, however since 2016, this Government has placed fintech and digitalisation of financial services high on its agenda.
Over and above the palette of new fintech products which are now being regulated by the FSC, Mauritius has also been amongst the first countries to implement a legal framework for Virtual assets through the Virtual Asset and Initial Token Offering Service Provider Act 2022.
It is no doubt that Mauritius IFC provides an ideal and flexible ecosystem which can be tapped by international investors and global technology firms / financial institutions willing to expand and diversify their portfolio of activities.
Digitalisation is creating a new era where speed is the master word. As we speak, fintech is growing out of fashion and Metaverse is building new momentum. It is imperative that we keep abreast with the latest developments in this sector.
I seize this opportunity to congratulate Wakanda for the launch of its first online magazine which will be an important tool for industry players and operators.