While part of the cost may be met by public subsidies, the bulk of this expenditure will have to be met by individual families. Given the multi-year payoff to such household capital expenditures, much of this investment will need to be financed through home renovation loans.
In 2014, the Central Bank of Seychelles issued a Telecom provider, Airtel Seychelles, with a license to offer mobile money transfers – the first license issued by the institution to a payment service provider offering a service based on a Fintech solution. Since then, the Central Bank has initiated a number of projects as part of efforts to encourage innovation in the payments sphere.