Digitalization payment campaign via PayStation Max

MIPS, in partnership with VISA and FundKiss, is launching Operation Kass dan ta, aimed at digitalizing payments for approximately ten thousand small, medium, and micro businesses in Mauritius.

The campaign’s objective is to equip 2,000 SMEs with PayStation Max within the next 6 months, as part of efforts to modernize payment systems in Mauritius. Sébastien Le Blanc, MIPS Chief Growth Officer, emphasizes the importance of digitalization in today’s business landscape. He notes that only 13 % of SMEs currently offer digitized payment services, posing a significant barrier to sectoral growth and competitiveness.

Visa’s Senior Director and Country Lead highlights that approximately 100,000 SMEs in Mauritius still rely exclusively on cash transactions. Through Operation Kass dan ta, MIPS aims to bridge this digital divide by providing merchants with access to working capital ranging from 50,000 to 5 million MUR (10,000 to 100,000 USD), based on the volume of digital transactions excluding cash payments.

FundKiss oversees the entire process, from evaluation to securing funds from investors and managing repayment. This initiative represents a significant step toward fostering financial inclusion and promoting digital payment adoption among SMEs in Mauritius.