Douglas Mwiti 
Virtual Pay Establishes Global Headquarters in Mauritius Virtual Pay Group (“Virtual Pay“), a leading global payment and technology service provider, has formally established its headquarters in Mauritius.
This move marks a significant milestone in Virtual Pay’s commitment to enhancing its global presence and strengthening its position as a key player in the payments industry. An official launching ceremony was held in the company of Mr Vikash Thakoor, Chief Executive of the Financial Services Commission (FSC),along with other distinguished guests, at the Hennessy Park Hotel, Ebène.
Strategic Location for Global Growth 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 prime gateway for investment into Africa.
Virtual Pay aims to leverage this advantage to continue its global growth strategy, entrenching itself as a key player in the global payment ecosystem. Empowering Businesses with Seamless Payment Solutions Mr David Morema, Virtual Pay Group CEO, shared his optimism, stating, “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.” Recognition from Mauritius Financial Leadership Mr Dhanesswurnath Thakoor, Chief Executive of the Financial Services Commission (FSC), expressed enthusiasm about Virtual Pay Group’s choice of Mauritius as its Global Headquarters, stating, “We welcome Virtual Pay to Mauritius and commend their contribution to the growth and efficiency of the financial ecosystem. This strategic move is a testament to our country’s sound strategy for developing our financial services sector.
We are more than ever committed to fostering technological advancements in this industry, whose growth potential is immense.” Further Validation of Mauritius as an International Financial Center The Honourable Renganaden Padayachy, Minister of Finance, Planning, and Economic Development, Republic of Mauritius, said in a statement, “The Virtual Pay Group’s Group’s decision to establish its head office in Mauritius is proof of the confidence that our international financial centre inspires.It demonstrates that the measures implemented in recent years to strengthen our regulatory environment and stimulate innovation are bearing fruit.
Based on our positioning, we can expect other companies of this calibre to choose Mauritius to set up their headquarters and manage their operations throughout Africa and beyond.” Virtual Pay Group’s latest initiative marks another milestone in providing innovative payment solutions globally.
