Virtual Pay Group (‘Virtual Pay’), a leading global payment and technology service provider has opened its headquarters in Mauritius.
The company says this move marks a significant milestone in its commitment to enhancing its global presence and strengthening its position as a key player in the payments industry.
It adds that the decision to establish its global headquarters in Mauritius is driven by the country’s robust regulatory framework, skilled workforce and proactive approach to fostering innovation and economic growth. Strategically located between Asia and Africa, Mauritius is a choice gateway for investment into Africa, and Virtual Pay aims to leverage this advantage to continue in its global growth strategy, entrenching itself as a key player in the global payment ecosystem.
“Mauritius presents a well-regulated and dynamic business landscape for financial technology innovation, and we are excited to establish our global headquarters in this vibrant market. Our primary goal is to empower businesses and their clients with seamless, secure, and efficient payment solutions.” Mr David Morema, Virtual Pay Group CEO, said.
The launch marks another milestone for Virtual Pay Group which offers payment solutions to merchants on a global scale.
‘’We welcome Virtual Pay to Mauritius and commend their contribution to the growth and efficiency of the financial ecosystem.’’ Mr Dhanesswurnath Thakoor, Chief Executive of the Financial Services Commission (FSC) said.
‘’This strategic move is a testament to our country’s sound strategy when it comes to developing our financial services sector. We are more than ever committed to fostering technological advancements in this industry, whose growth potential is immense’’ he added.