Payment Intermediary Services (PIS) Licence

Payment Intermediary Services (PIS) Licence

A Payment Intermediary Services (PIS) licence enables Payment Intermediary Companies (PICs) to offer a comprehensive suite of financial services that optimise and simplify transaction processes for clients.

Utilising a PIS licence can bring significant value to your operations by providing:

  • Enhanced Cross-Border Payment Capabilities:
    Support efficient international transactions, helping clients navigate global markets with ease and confidence.
  • Instant Transaction Execution:
    Deliver rapid processing of payments, essential for maintaining operational efficiency and business continuity.
  • Multi-Currency Support:
    Enable transactions in a variety of currencies, expanding your clients’ reach and flexibility in global trade.
  • Improved Terms for Merchants:
    Offer attractive financial arrangements to merchants, improving their cash flow and facilitating better financial management.
  • Streamlined Merchant Onboarding:
    Simplify the integration process for new merchants, reducing delays and accelerating time-to-market.

Preliminary Assessment

We will help you gain a thorough understanding of the regulatory framework and operational requirements associated with the Payment Intermediary Services (PIS) licence. Our objective is to ensure that your business model is fully compliant and aligns with the activities authorised under the PIS licence.

At this stage, you will need to prepare a detailed business plan that outlines your company’s goals, target clientele, proposed services, and projected financial performance. In addition, our legal team will assist in formulating a comprehensive risk management and compliance strategy that meets the standards set by the Financial Services Commission (FSC).

Incorporation and Local Presence

We commence the incorporation process by preparing and filing the required documentation with the Registrar of Companies, ensuring that the company is properly structured to obtain a financial services licence.

Setting up a physical office in Mauritius is strongly encouraged, as it enhances the company’s economic substance and supports its qualification for the 80% partial tax exemption under the Partial Exemption Regime (PIS). Moreover, a local office reinforces the company’s credibility by establishing a tangible operational presence in the jurisdiction.

Application Preparation

We assist in compiling all required documentation for the licence application, including internal control procedures, policy and operations manuals, financial forecasts, AML/CFT policies, clearance certificates, and comprehensive CVs of key personnel. It is essential to demonstrate the qualifications and capabilities of appointed individuals—such as the Compliance Officer, MLRO, and senior management—to ensure they meet regulatory standards and reflect the strength of the management team.

Submit the Application

We handle the submission of all required documentation via the Financial Services Commission (FSC) online platform and assist in responding to queries related to the application process. Please note that any technical questions concerning the nature and operations of the business should be addressed directly by the applicant, as these relate specifically to the company’s core activities and strategic direction.