AGP Executive Report
Last update: 12 hours agoCross-border payments: The Maldives Monetary Authority has successfully integrated Favara with India’s UPI, and the Favara‑UPI corridor went live on July 30, enabling real-time transfers from Maldivian rufiyaa to Indian rupees via participating banks Bank of Maldives and Maldives Islamic Bank, with family-maintenance and gift remittances supported in the initial phase. Mauritius in the payments ecosystem: The same coverage notes UPI acceptance in Mauritius, highlighting the growing regional reach of instant payments. Banking tech for Mauritius-linked operations: Investec selected Infosys Finacle on Microsoft Azure to modernise banking across South Africa, the UK, Mauritius and the Channel Islands, as part of a multi-country platform migration. Corporate restructuring with Mauritius ties: Mahindra & Mahindra approved a merger by absorption of its Mauritius investment subsidiary, Mahindra Investment Company (Mauritius) Ltd, to streamline group structure and cut multi-jurisdiction compliance costs. Trade policy watch: India’s FTA monitoring committee is set to review how exporters are using its 16 trade agreements, including the India–Mauritius CECPA, and identify barriers to better utilisation. Retail expansion: Krispy Kreme signed with ER Group to bring the brand to Mauritius, targeting around 10 outlets over five years. Digital finance regulation in Mauritius: TabTrade obtained an Investment Dealer licence for its Mauritius entity, four months after launching via a Saint Lucia setup.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.