Virtual Pay Group has announced the formal establishment of its headquarters in Mauritius.

An official launching ceremony was held in the presence of Mr Dhanesswurnath Thakoor, Chief Executive of the Financial Services Commission (FSC), along with other distinguished guests, on Friday, November 17, at the Hennessy Park Hotel, Ebène.

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.

Mr David Morema, Virtual Pay Group CEO, shared his optimism, “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.”

The launch marks another milestone for Virtual Pay Group which has consistently demonstrated its commitment to providing innovative payment solutions to merchants on a global scale. The company expresses gratitude to its employees, clients, and stakeholders for their continued support and looks forward to a sustained business growth.

Virtual Pay is regulated in Mauritius by the Financial Services Commission, in Kenya by The Central Bank Of Kenya, in Rwanda by The National Bank of Rwanda, in Tanzania by the Bank of Tanzania and in Dubai by the Department of Economy and Tourism.