Peach Payments Secures Massive 300% Transaction Growth Within Booming Mauritius Hub

Mauritius is rapidly cementing its status as Africa’s premier financial gateway, with digital payments provider Peach Payments reporting an astronomical 300% year-on-year surge in transaction volumes on the island between 2024 and 2025.

The figures highlight a significant shift as multinational firms increasingly utilise the island nation to centralise complex treasury, billing, and cross-border payment operations.

Alongside the volume surge, Peach Payments saw its merchant acquisition climb by 42% over the same period, driven by businesses looking beyond single domestic markets.

A Strategic Gateway

Unlike larger domestic markets such as South Africa or Kenya, Mauritius is carving out a distinct niche as an operational hub for companies with regional and international footprints.

“Mauritius is less about servicing one domestic economy and more about enabling cross-border and international business operations efficiently from a globally connected financial jurisdiction,” said Sandeep Chagger, Group Chief Chief Operating Officer of Peach Payments, in an interview with ITWeb Africa.

The country’s appeal is underpinned by a stable regulatory environment, robust banking infrastructure, and efficient management of foreign exchange and cross-border fund flows.

International confidence has been further bolstered by Mauritius’ removal from the Financial Action Task Force (FATF) grey list, a move that Chagger noted has reinforced trust and supported smoother engagement with global partners and financial institutions.

Expanding Continental Footprint

Peach Payments entered Mauritius nearly five years ago with the blueprint to construct a pan-African payments business.

While South Africa remains the company’s largest market, its non-South African entities are growing steadily.

The provider now operates directly across 11 African markets and reaches an additional four via acquiring and infrastructure partnerships, bringing its total operational coverage to 15 markets. Its regional ecosystem integrates:

• Local acquiring capabilities
• Alternative payment methods
• Mobile money integration
• Cross-border payment processing

The Mauritius entity currently serves more than 150 companies, spanning small and medium-sized enterprises to major multinational corporations.

According to Chagger, global merchants are increasingly demanding a single integration into Africa to avoid navigating the continent’s fragmented payment relationships market by market.

Sector Diversification and Future Plans

While the island’s tourism-reliant travel and hospitality sectors—including hotels and travel platforms—continue to generate the lion’s share of transaction volumes, the merchant base is broadening.

Sectors such as retail, logistics, and insurance are steadily digitising their systems and expanding online operations.

Looking ahead over the next 12 to 18 months, Peach Payments plans to deepen its platform integrations within the Mauritian market.

The company is connecting its services with major business platforms, including Shopify, WooCommerce, and Oracle, to embed payments directly into merchant workflows.

Furthermore, the group is expanding its in-store and point-of-sale capabilities to support omnichannel commerce, while preparing to launch payout services in Mauritius, pending final regulatory approvals.

Despite ongoing challenges regarding fragmented regulation and uneven banking infrastructure across Africa and the Indian Ocean region, the company’s expansion is being actively cushioned by Mauritian banking groups with multi-market African operations, significantly improving regional connectivity and operational efficiency.

Source: ITWeb Africa