Mauritius Network Services (MNS) and MINDEX have taken a major stride towards revolutionising financial services and trade operations for the region, by signing a Memorandum of Understanding (MoU) on August 15th, 2023 at MNS, Ebene.
This MoU will position Mauritius at the forefront of global digital innovation. Under the terms of the MoU, MNS and MINDEX are joining forces to explore the vast potential of blockchain technology and its practical applications, within a supportive domestic regulatory framework. This partnership encompasses opportunities relating to training and upskilling initiatives; collaborative projects to enhance trade efficiency; disruptive innovation endeavours; and joint projects within Mauritius and Africa.
MNS is dedicated to streamlining Government services for businesses and citizens. By creating effective e-Government solutions, MNS aims to facilitate international trade procedures in alignment with international standards set by UNECE, the World Customs Organization, and others. Over time, MNS has expanded its reach to digitise critical Government processes, further enhancing the business environment.
MINDEX, Mauritius’ pioneering fully regulated virtual asset ecosystem, has set its sights on transforming the financial landscape through innovation. Leveraging Mauritius’ unique strengths as a regulated jurisdiction for crypto assets and an international financial centre, MINDEX aims to provide ground-breaking financial solutions for organisations, corporations, governments, and investors on a global scale.
Commenting on this exciting venture, the Chief Executive Officer of MNS, Rajnish Hawabhay said: “This groundbreaking agreement not only signifies a collaboration between two visionary entities but also heralds a new era of exploration into the vast potential of blockchain technology and its practical applications. We are embarking on a transformative journey that relies on our combined strengths, expertise, and shared vision with the objective of reshaping industries, driving efficiency, and opening doors to uncharted opportunities.”
Also commenting along the same lines, the Chief Executive Officer of MINDEX, Jessica T Naga said: “It is a pleasure for MINDEX to partner with an established technological player in the market, that is MNS. We intend to bring to the partnership our expertise in the blockchain and virtual asset regulatory space, to create innovative and practical products. Together we can build more solutions and faster, by capitalising on the strength of one another in this partnership”
Shedding more light on this MoU agreement, the Chairperson of the board of MINDEX Limited, Manisha Dookhony said: “Blockchain technology can be used for a wide range of applications that have real world benefits. Our collaboration with MNS is in light of not only unlocking business opportunities but also in sustainability, improving lives of people and businesses in Mauritius and Africa.”
Additionally, the Chairman of MNS, Vaidnath Dosieah said: “In an era defined by rapid technological advancements, our shared vision of harnessing the potential of blockchain technology has led us to this significant juncture. This agreement stands as a testament to the dedication and foresight of all those involved, as well as our unwavering belief in the transformative power of innovation”.
