FinTech has become a global phenomenon. Cities such as London,
New York, San Francisco, Shenzhen and Singapore have already
positioned themselves as a leading FinTech Hubs. Near us, South
Africa, Nigeria and Kenya are already at the forefront in the
FinTech sector. According to a recent report, 'Finnovating for
Africa: Exploring the African Fintech Ecosystem Report 2017',
released by Disrupt Africa1 last month, South Africa is
the top destination for FinTech start-ups activities. As Joseph
Lubin, founder of ConsenSys2 recently said at a press
conference in Mauritius, if "Mauritius puts together a
concerted effort to be a world leader [in the FinTech Ecosystem],
it will be."
Given the numerous opportunities which FinTech provide,
Mauritius is keen to harness the benefits of the FinTech
revolution, in particular to become a FinTech Hub for Africa.
Budget Speech 2017-18 identifies FinTech as one of the key economic
drivers: a Regional FinTech Association will be
