1  Over the past few years, the local financial system has experienced some considerable changes, with the introduction of new products and services, bringing about many new opportunities, as well as unique challenges. These changes have contributed significantly to shaping the local financial environment, in terms of policy actions and has highlighted the need to build capacity to effectively respond to the challenges.
Coordination and collaboration between all players in the financial sector, has proven to be crucial to the formulation of policy actions. Digital financial services are playing an increasingly central role in financial inclusion efforts in Seychelles. The Central Bank recognises digital payments as a priority, as the shift towards digital payments can bring about exciting opportunities and contribute immensely towards digitising the economy.