42nd: Mauritius Rises in Global Financial Rankings

Mauritius has made significant strides in the latest Smart Centres Index (SCI 11), moving up six places to rank 42nd globally. This improvement reflects the country’s ongoing efforts in innovation, regulation, and digital transformation, aimed at enhancing its appeal in the international financial arena.

The Financial Services Commission (FSC) announced that Mauritius has increased its overall score by 11 points, reaching a total of 659.

The SCI, developed by Z/Yen Group Ltd, assesses financial centers based on their ability to incorporate innovation in finance, technology, and sustainability.

It also evaluates the quality of regulations and the readiness of jurisdictions to adopt emerging technologies, including artificial intelligence, blockchain, innovative energy systems, and digital financial services.

Mauritius’s rise in the rankings is seen as a result of a deliberate strategy to modernize regulations and embrace innovation.

By strengthening the local fintech ecosystem and promoting the adoption of digital solutions, Mauritian authorities are committed to positioning the country as a forward-looking business hub.

In this edition of the SCI, Mauritius also ranks 5th regionally in the Middle East and Africa, highlighting a strong focus on sustainable finance and digital assets.

Observers note that this performance reflects growing interest from international investors in a jurisdiction that combines regulatory innovation with institutional stability.

FSC President Rama Sithanen praised this progress, emphasizing that it aligns with a public policy focused on collaboration, agility, and foresight.

He stated, “This recognition reflects the authorities’ strong commitment to forward-thinking regulation and a collaborative approach to innovation.”

He added that the country’s strategy remains centered on adaptability and inclusion to meet the rapid changes in the global financial sector.

Mauritius’s advancement is supported by the integration of financial supervision technologies (SupTech) and specific initiatives in green finance, digital transformation, and governance.

Collaboration with local and international stakeholders is also crucial to this progress.

The SCI 11 confirms Mauritius’s growing international recognition. The country continues to strengthen its role in regional discussions on fintech, focusing on transparency, robust regulation, and creating favorable investment conditions.

Through these efforts, the FSC aims to foster an open, modern, and resilient financial sector, making Mauritius a credible platform for innovative projects from Africa, the Middle East, and beyond.

Source: Defi Media