The local financial sector has not been left behind and has to some extent experienced the ‘Fintech’ phenomenon, ranging from increased use of electronic payment methods such as mobile and internet banking, as well as growing interest in cryptocurrencies.
Given this growing interest in Fintech in Seychelles, by consumers, the business community, as well as financial institutions, the Central Bank is currently in the process of engaging with relevant stakeholders to draft a national strategy on the adoption of Fintech in the country.