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The Seychelles National Assembly has asked the government and all its strategic partners to consider putting in place necessary mechanisms for the public sector and parastatal services to go cashless as of January 1 in 2025
The Seychelles National Assembly has asked the government and all its strategic partners to consider putting in place necessary mechanisms for the public sector and parastatal services to go cashless as of January 1 in 2025. The motion was brought forth recently by the elected member of the central district of Mont Buxton, Gervais Henrie, who is also the Deputy Speaker of the National Assembly.
The minister said that before coming into power, it was a dream of the Linyon Demokratik Seselwa (LDS) party to transform Seychelles’ economy into a digital economy where financial services become a new frontier for business. Henrie said that in his first budget address in February 2021, the Minister for Finance, National Planning and Trade, said that the world has already entered the digital era and Seychelles cannot be left behind.
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Henrie spoke about two entities that have gone cashless, the Seychelles Public Transport Corporation (SPTC) and Seychelles Parks and Gardens (SPGA). He added that the chief executive of SPTC also said that the company lost around 10 percent of its revenue in leakage when passengers pay for their fares but tickets are not issued, so the transaction is not registered. SPTC went cashless on July 1 and no cash payment for fares is accepted on its buses.
