Tintra granted online payments licence in Mauritius

Tintra PLC (AIM:TNT) has announced that its Mauritius subsidiary was granted permission to begin business under its services licence.

The agreement with the Mauritius Financial Services Commission, it said, allows the subsidiary to operate as an online payment provider, including payment services and merchant online services for accepting electronic payments.

Tintra said Mauritius had become an important financial services hub for Africa and South Asia and the approval was an important step in the development of the company’s Web 3.0 Banking strategy. 

It said Mauritius had become an “important financial services hub” for Africa and south Asia, with the approval of TPM to start operations seen by the board as “an important step” in the development of its ‘web 3.0’ banking strategy.

TPM, a Mauritian-incorporated company, was currently finalising its name change from Oyster Payment Services – a brand the company used when forming the original vehicle in 2018, which was never activated.

Original article at ProactiveInvestors.co.uk