Mauritius PSP License | Payment Intermediary Services (PIS)

Mauritius is the top choice for offshore payment processing licensing for several key reasons: a swift application process, relatively low capital requirements, and the ability to tap into Africa’s rapidly growing market for online payments. Unlike Europe or Asia where the licensing process for payments is arduous and time consuming, Mauritius offers the ability to quickly and efficiently go to market.

What is a Mauritius PSP License?

The term “Mauritius PSP license” is commonly used to describe a Payment Intermediary Services License or PIS, which is issued by the Mauritius Financial Services Commission (FSC). A Mauritius PIS license allows businesses to offer merchant acquiring services, provide payment gateway services, and offer payment transaction services between payers and recipients. Note that it is also possible to obtain a Payment Service Provider (PSP) in Mauritius which is designated for local business in Mauritius. Businesses looking to offer payment services should apply for PIS licensing. A complete list of all firms holding a PIS license can be found on the FSC official website.

Key Highlights

  • Officially classified as a Payment Intermediary Services License (PIS) 
  • Issued and regulated by the Financial Services Commission (FSC)
  • A PSP license in Mauritius is only used for domestic business and not recommended

Mauritius Payments Licensing Terminology

When exploring payment service provider licensing options in Mauritius, certain terms require explanation in order to fully understand the licensing process.

FSC: Financial Services Commission

The official regulator of financial and payment services in Mauritius is the Financial Services Commission (FSC).

PIS: Payment Intermediary Services License

A Payment Intermediary Services License (PIS) is the official term used to describe a payment services license in Mauritius.

PSP: Payment Service Provider License

This license is primarily used for domestic business in Mauritius and is regulated by the Bank of Mauritius. It should not be confused with the PIS license, regulated by the FSC.

Category 1 Global Business Company (GBC1)

In Mauritius, the local company formation is categorized based on the type of license and activities. For payment licenses (PIS), one would register a Category 1 Global Business Company.

How Long Does it Take to Apply For a Mauritius PIS License?

Our experience has shown that a new application for a payments license in Mauritius will take approximately 6 – 8 months. This estimate is based on our positive track record of licenses approvals. We are happy to provide references if needed.

License Application: Timeline Breakdown

  • Gather KYC: 1 month
  • Prepare the application, draft documentation, company formation: 2 months
  • Submit application & await FSC feedback: 5 – 6 months
  • Apply for bank account: 1 month

Mauritius PSP License Requirements

  • Capital requirements set at 2,000,000 MUR (roughly $45,000)
  • A physical office in Mauritius
  • A minimum of 3 local directors: AMLRO, MLRO, and CISO
  • Local Global Business Corporation (GBC) company
  • Ongoing accounting and compliance reporting which can be outsourced
  • Professional indemnity insurance
  • A local bank account in Mauritius

Step-by-Step Overview of the PSP Application Process in Mauritius

  1. Preliminary Advisory Call: Connect with Atomiq Consulting’s seasoned consultants to discuss your goals and cover requirements & costs for obtaining a Mauritius payments license.
  2. Information & Records Compilation: Gather all necessary documentation for the license application. Examples include the business plan, compliance documentation, KYC files, and financial forecasts.
  3. Compliance & Quality Check: Our specialists conduct a detailed assessment of all documentation in order to optimize approval timelines and ensure alignment with FSC expectations.
  4. Formal Application Filing: Formally submit the application with the FSC, including full disclosures and supporting documentation.
  5. Regulatory Assessment Phase: The FSC evaluates the application and may request further details, amendments, or clarifications during this stage of the process.
  6. Authorization Granted: Upon successful review and resolution of any queries, the FSC confirms and grants the license approval.
  7. Legal Entity Formation: Incorporate a Category 1 Global Business Company (GBC1) in Mauritius, finalizing the company name, shareholding, and corporate structure.
  8. Corporate Banking Arrangement: Open a local bank account to enable capital funding and ongoing operational transactions.

Atomiq Consulting – Your Mauritius EMI Licensing Partner

Founded in 2014, Atomiq Consulting has been an industry leader in the offshore forex & CFD licensing space. Under the leadership of group CEO Jonathan Baumgart, Atomiq Consulting boasts a positive track record of successful license applications going back a decade. We have a nearly flawless track record of successful license approvals in Mauritius. Furthermore, we put our money where our mouth is and are happy to share references from our vast network of brokers.

Deciding on a trustworthy consulting firm can be challenging. Our level of transparency is bar none as we have dozens of content on our YouTube channel. Our group CEO, Jonathan Baumgart, has been featured in a variety of industry publications and is active on LinkedIn. Unlike firms that hide behind stock images, Atomiq Consulting is fully transparent making our firm the ideal partner for obtaining your license in Mauritius.

How Much Does A Payment Intermediary Services Provider License Cost? – Contact Us Today for a Free Price Quote!

To learn more about the process of applying for an PSP in Mauritius, discuss ongoing costs for the region, or to acquire a license in Mauritius, don’t hesitate to contact us today!

    Why Consider a PSP License in Mauritius?

    One of the main benefits of obtaining a Mauritius payments license is its overall affordability. The jurisdiction offers modest capital thresholds, a simplified regulatory framework, and competitive maintenance expenses, allowing providers to enter the market efficiently and cost-effectively. Furthermore, Mauritius is supported by a well-established banking and payments ecosystem, enabling smoother client onboarding and efficient transaction processing. As a result, Mauritius serves not only as a regulatory destination, but as a strategic gateway for brokers seeking international growth.

    Mauritius PSP / EMI License – Key Takeaways

    • Mauritius is one of the few reputable offshore jurisdictions offering a regulatory framework for payments licensing
    • Capital requirements set at $45,000 USD, one of the lowest in the globe for payment licensing
    • Ability to tap into Africa’s rapidly growing adoption of payment services
    • License classified as a Payment Intermediary Services Provider
    • A physical office and local directors are required
    • License approval period estimated at 7 – 9 months
    • Taxes set at 15% of net profits

    Mauritius Payment Intermediary Service License FAQ

    Do you have a Mauritius PSP license for sale?

    If you are interested in a Mauritius PSP license for sale, we encourage you to visit our Forex Marketplace where we list all licenses currently available for acquisition. Due to the popularity of Mauritius, we almost always have a license available for purchase.

    What is the capital required for a PSP license in Mauritius?

    The paid up capital in Mauritius is MUR 2,000,000 which is roughly $45,000. 

    What are the Mauritius PSP license fees?

    The paid up capital in Mauritius is MUR 2,000,000 which is roughly $45,000, government fees which are roughly $10,000, local director & compliance fees estimated at $5,000 per month, plus government fees which are roughly $15,000.

    How long does it take to get a Mauritius PSP license?

    While each application is unique in nature, the minimum approval period is 7 months. Experience has shown it can take between 7 – 9 months for license approval.



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