Banking systems provider Pannovate is working with Pay by Dodo to provide an ethical digital banking platform for the East African country of Mauritius, through the United Nations and the Central Bank of Mauritius.

The project has been driven by the regional office for Eastern Africa of the United Nations Office on Drugs and Crime (UNODC) and the Mauritius government.

The partners say the project will support an “ethical FinTech ecosystem” that supports international standards of governance and sustainable development.

Pannovate is the lead partner building and providing the technology for the country's Electronic Money Institution pilot programme.

Amado Philip de Andrés, regional representative for Eastern Africa, United Nations Office on Drugs and Crime, said: “After a year of intense and hard work, the first significant pilot programme will be launched, meeting the highest internationally recognised standards promoted by the government of Mauritius and relevant regulatory bodies.”

Pavle Ljujic, chief executive and founder of Pannovate, said: “We're proud to support both the UN in its sustainable development initiative and the government of Mauritius with this amazing programme.”

Adam Linton, CEO and founding partner at Pay by Dodo, said: “We are working with partners to deliver a state-of-the-art payments product for Mauritius.

“We are committed to meeting the highest international standards to deliver a robust and ethical FinTech ecosystem, that will be recognised as cutting edge in terms of ethics and the use of technology to support the next level of governance and regulatory oversight.”

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