We are excited to share an important milestone in our journey. Fusepay has received the final approval from the Central Bank of Seychelles to operate as a licensed Payment Service Provider. This approval formally clears us to launch and serve businesses across Seychelles with modern payments and digital finance infrastructure.
This is more than just a regulatory step. It marks the beginning of a new chapter for how money moves in Seychelles.
What This Approval Means
The Payment Service Provider licence allows Fusepay to operate digital money accounts, settle transactions, process post-dated payments, and offer unified payment and finance tools to businesses in Seychelles.
It means:
- We can operate under the regulatory supervision of the Central Bank of Seychelles.
- We can hold and safeguard customer funds in custodian accounts across multiple Seychelles banks.
- We can process instant payments, invoice payments, and our digital post-dated payment product FuseCheq.
- We are now allowed to onboard businesses and begin running live transactions on our platform.
This approval is the foundation that enables everything we are building next: business payments, finance tools, and a complete digital ecosystem designed for the realities of island economies.
Our Mission in Seychelles
Seychelles is a unique market. It isdistributed, and deeply dependent on SMEs for daily economic activity. Many businesses still rely on physical cheques, manual reconciliation, and fragmented processes. These constraints create delays, inefficiencies, and real financial stress for business owners.
Our mission is simple. We want to help businesses in Seychelles save time, save money, and prevent fraud with modern tools built for local realities.
We want to replace:
- slow manual banking
- paper-based workflows
- fragmented systems
- unreliable reconciliation
with an ecosystem where payments, finance, and business operations work together.
Seychelles deserves the same level of financial infrastructure available in larger markets. Our mission is to build it here, locally and responsibly, one step at a time.
Minus One to Zero
Every startup celebrates its Day Zero when it launches. For us, the real work began long before that. We call it the minus one phase.
Minus one was everything that had to be built before we could even exist.
It involved:
- meeting regulatory requirements
- securing custodial banking partnerships
- designing a compliant eMoney system
- building internal risk and compliance frameworks
- developing our payment rails
- creating FuseCheq as a digital replacement for post-dated cheques
- testing with early business partners
- conducting audits, inspections, and system reviews
- designing smooth and flawless UX
Most of this work is invisible to the public. It does not appear on social media. It does not show up in product screenshots. But it is the foundation of a safe and responsible financial system. It is what allowed us to reach this moment.
Minus one is over.
Zero begins now.
How We Managed to Achieve This
This milestone was possible because of three things.
1. A strong regulatory partnership
The Central Bank of Seychelles guided us through every step. Their collaboration ensured that we built a product that is safe, compliant, and aligned with national priorities such as the phasing out of physical cheques.
2. A committed team
Our small team worked across compliance, engineering, finance, and design without compromise. Every detail, from our liquidity management plan to our settlement logic, was built with precision.
3. Support from early customers and investors
Local businesses trusted us early. They opened their doors, shared their pain points, and tested our product before it was public. Our investors supported us with belief and patience as we navigated a complex regulatory environment.
This milestone belongs to all of them.
Looking Forward
With the licence now approved, we are preparing to launch and onboard our first customers. Over the coming days, we will begin running our first live transactions and supporting businesses that are ready to move away from manual processes.
This launch marks the first chapter in a long roadmap.
We are building:
- instant payment tools
- digital post-dated payments
- invoicing and reconciliation
- bookkeeping automation
- merchant tools
- and more that will follow in phases
Everything we build will stay rooted in our mission: to serve the real needs of Seychelles businesses and create a reliable, modern financial infrastructure for the islands.
We are just getting started.
