Payment service provider — Seychelles
The Seychelles category mapped to payment processing and cross-border remittance.
Regulator: Central Bank of Seychelles.
Central Bank of Seychelles authorisation for a payment service provider under the National Payment System (Licensing and Authorisation) Regulations 2014 (as amended by SI 99/2025), made under the NPS Act 2014. The register (the CBS JSON register API) lists four authorised PSPs (Airtel Mobile Commerce · Nebula Fintech · Merlin Global · Fusepay). The regulations distinguish a « money remittance » service (initial capital SCR 500,000, Schedule V) from an « other payment service » (SCR 1,000,000), but the register does NOT publish each PSP's service class → the category is dual-mapped to payment processing + cross-border remittance faithfully, and per-entity service-class attribution is held (never inferred). The dedicated Seychelles offshore (FSA) PSP-licence regime is a DIFFERENT world — this record is the CBS/NPS domestic regime only. lang en.
Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · unchanged since the previous check.
Licensed providers
4 entities| # | Provider | Status (as reported) | Source | Source date |
|---|---|---|---|---|
| 1 | Airtel Mobile Commerce (Seychelles) Ltd | authorized | Central Bank of Seychelles | not dated |
| 2 | Fusepay Pty Ltd | authorized | Central Bank of Seychelles | not dated |
| 3 | Merlin Global | authorized | Central Bank of Seychelles | not dated |
| 4 | Nebula Fintech Limited | authorized | Central Bank of Seychelles | not dated |
Reading the tables
- not dated
- — the official source publishes no date of its own. We show our own last-checked date instead of inventing one for the regulator.
Licence requirements
What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.
| Requirement | As published | Source | Source date |
|---|---|---|---|
| Minimum capital | Initial capital, held before grant, tiered by service (Schedule V, reaffirmed current by SI 99/2025 reg 15(3)): SCR 500,000 for a money-remittance service; SCR 1,000,000 for another payment service; SCR 5,000,000 for an operator of a payment, clearing or settlement system. Verbatim“Payment Service i) money remittance SCR 500,000 ii) other payment service SCR 1,000,000 Operator of a payment, clearing or settlement system SCR 5,000,000” | NPS (Licensing and Authorisation) Regulations 2014 — Schedule V (initial capital) + reg 5 (21-day completeness, 60-day decision) | 2014-12-29 |
| Local presence / incorporation | A value has been located but not yet verified, so we don't publish it here. | — | — |
| Timeline | The Central Bank informs the applicant within 21 days whether the application is complete (reg 5(1)); it grants or refuses within 60 days of a complete application (reg 5(2)); and, on grant, issues the authorisation certificate within 7 business days of receipt of the authorisation fee (SI 99/2025, reg 5(2A)). Verbatim“The Central Bank shall, within 21 days after the receipt of an application, inform the applicant in writing whether the application is deemed complete … The Central Bank shall, within 60 days of the submission of a complete application … the Central Bank shall issue an authorisation certificate to the applicant, within 7 business days from the date of receipt of authorisation fee” | NPS (Licensing and Authorisation) Regulations 2014 — Schedule V (initial capital) + reg 5 (21-day completeness, 60-day decision) | 2014-12-29 |
| Local ownership | No such requirement: The NPS (Licensing and Authorisation) Regulations impose no local-shareholding or nationality cap on a payment service provider. | NPS (Licensing and Authorisation) Regulations 2014 — Schedule V (initial capital) + reg 5 (21-day completeness, 60-day decision) | 2014-12-29 |
| Fees | A value has been located but not yet verified, so we don't publish it here. | — | — |
| Ongoing obligations | A value has been located but not yet verified, so we don't publish it here. | — | — |
Requirements as published in the cited instruments — not legal or compliance advice. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.
The equivalent in other markets
Categories mapped to the same normalized activity —
fintech:PAYMENT_PROCESSING:
- → Payment Solution Service Provider (PSSP) Authorisation (Nigeria)
- → Switching & Processing Licence Category (Nigeria)
- → Electronic Retail Payment Service Provider (Kenya)
- → Third Party Payment Provider (South Africa)
- → System Operator (South Africa)
- → Payment Service Provider (Tanzania)
- → Payment Service Provider (Uganda)
- → Payment Aggregation Service Provider (Zambia)
- → Aggregator (Rwanda)
- → Établissement de paiement (Benin)
- → Établissement de paiement (Burkina Faso)
- → Établissement de paiement (Côte d'Ivoire)
- → Établissement de paiement (Guinea-Bissau)
- → Établissement de paiement (Mali)
- → Établissement de paiement (Niger)
- → Établissement de paiement (Senegal)
- → Établissement de paiement (Togo)
- → Payment System Operator (POS & Payment Gateway Operator) (Ethiopia)
- → Établissement de paiement (Cameroon)
- → Établissement de paiement (Central African Republic)
- → Établissement de paiement (Congo-Brazzaville)
- → Établissement de paiement (Gabon)
- → Établissement de paiement (Equatorial Guinea)
- → Établissement de paiement (Chad)
- → Établissement de paiement offrant des produits et services de paiement (Morocco)
- → Electronic payment processing (EFT / payment gateway) (Zimbabwe)
- → Agrégateur (prestataire de services connexes de paiement) (DR Congo)
- → Agregador de pagamento (Mozambique)
- → Sociedade Prestadora de Serviços de Pagamentos (Angola)
- → Payment Service Provider (Mauritius)
- → Third-party payment service provider (Namibia)
- → Payment facilitator service provider (Namibia)
- → Account Based Payment Services (Botswana)
- → Payment Service Provider (Other PSP) (Malawi)
- → Établissement de paiement (Tunisia)
- → Établissement agrégateur de paiement (fournisseur de plateforme de paiement) (Burundi)
- → Payment service provider (The Gambia)
- → Instituição de pagamento (Cabo Verde)
- → Payment service provider (Sierra Leone)