blink by Emtel welcomes commitment to innovative payments in Strategy Report 2025-2030 on financial services 

Ebène, 10 July 2025: blink by Emtel welcomes the publication of the Strategy Report: Rethinking the future of the financial services industry 2025-2030, which was published by the Ministry of Financial Services and Economic Planning on 9 July 2025.

Commenting on the report, Kresh Goomany, CEO of Emtel, said:
“Emtel welcomes the new strategy report for the financial services sector and, in particular, the emphasis on innovative payment solutions and the wider Fintech ecosystem. Our Fintech product, blink by Emtel, has been one of the main enablers of the digital payment ecosystem in Mauritius, driving awareness and widening the digital payment ecosystem – from users to merchants more especially the universal QR code for merchants that accepts payments from all compliant local payment apps.

In terms of digital payment transactions, we have seen a phenomenal rise from MUR 7 billion in Apr 2022, to MUR 16 billion in Apr 2024 and reaching MUR 25 billion by Apr 2025. Mauritius is in a unique position to drive Fintech – attributable to key factors, viz:- a highly banked population, high penetration of smartphones, island wide data coverage with 4G and 5G at one of the lowest prices in the world and more importantly the advent of the Instant Payment Switch (IPS) by the Bank of Mauritius. With platforms connected to the IPS, like blink by Emtel, payments are instant and are enabled 24x7x365. It is only a question of services to plug in by Fintechs. Over and above the rapid growth of merchant and biller payments, non-banking and non-payment services such as micro loans and insurances are slowly coming up but the opportunities are huge.”

“Customer adoption is key if we want the Fintech sector to thrive and for that we need to ascertain that the KYC process is made easier for customers – hence the whole concept of centralized KYC. Additionally, over and above customer awareness, customer adoption and winning customer trust, it is important to have supportive policies which would change customer habits, enhance usage as well as allow Fintechs to develop services that bring even more convenience to users and organisations alike.”

“We agree and are fully aligned with the work underway with the UN Economic Commission for Africa on the development of a National Strategy for FinTech. We wholeheartedly extend our support and share our experience to help expand the market and attract new players.

We encourage the creation of a dedicated unit at the FSC to accelerate the processing of FinTech-related applications, and we believe that regulatory synergies across institutions play a vital role. We also believe it is important to support consumer awareness of FinTech products, which can be more inclusive than traditional payment services and could stimulate the entire economy. Additionally, we encourage partnerships with universities to help develop and harness the local talent among the youth population.”

“We note that digital currencies have been emerging in some countries, and even if this is still a relatively new segment, we stand ready to participate in their development in Mauritius to cement the island’s reputation as an innovation hub.”  

#Blink #Emtel