Seychelles Embraces Digital Revolution as Fusepay Ushers Out Paper Cheques
This initiative promises faster, more transparent, and significantly more secure methods for businesses—from retail to SMEs—to manage their daily financial flows.
The era of slow, paper-based business transactions is drawing to a close in Seychelles with the official launch of Fusepay , a new fintech platform focused on frontier markets. Having successfully processed its inaugural live business transaction on November 19, 2025, Fusepay is now deploying a comprehensive digital payments infrastructure in Victoria designed to replace the nation’s decades-long reliance on vulnerable paper cheques. This initiative promises faster, more transparent, and significantly more secure methods for businesses—from retail to SMEs—to manage their daily financial flows.
For too long, businesses in the archipelago have been hampered by manual, costly, and fraud-prone payment systems. The reliance on paper cheques—now being phased out by government mandate—created bottlenecks through delays, reconciliation nightmares, and ample opportunity for internal abuse and fraud. Fusepay’s entry is a direct response to these issues, aiming to eliminate friction and provide Seychelles business owners with financial management tools that align with contemporary global standards.
The centerpiece of the Fusepay offering is a system of virtual business accounts, which enables structured payment management akin to advanced accounts payable and receivable systems. The platform facilitates instant transfers within the Fusepay network and crucially offers post-dated digital payments, serving as a seamless, modern alternative to paper cheques. Looking ahead, Fusepay is integrating inventory and order management features, creating a singular operating environment where financial data is intrinsically linked to day-to-day business operations.
Fusepay’s foundation is personal: Co-founders Vidhyasahar and Francesco were motivated by witnessing their own families’ struggles with outdated retail and wholesale systems, which included losses from fraud and oversight failure. Their platform is engineered for security and transparency, featuring robust audit trails, fraud-resistant workflows, and simple reconciliation tools to minimize manual checks. By building solutions specifically for markets like Seychelles, the team is delivering technology that addresses unique local needs, avoiding the pitfalls of repurposing software built for large Western economies.
This localized vision has attracted significant pre-seed funding from global investors, including Everywhere Ventures, who focus on backing entrepreneurs in overlooked geographies. Backers see Seychelles, and the wider African and Indian Ocean region, as a fertile ground for modernization, noting that billions of dollars in annual transactions still rely on outdated infrastructure. Fusepay’s strategy is to first establish a dominant, foundational position in this smaller, underserved market before expanding into adjacent countries facing similar infrastructural gaps.
The company boasts a leadership team where CEO Vidhyasahar, with prior experience leading product design at a YC-backed fintech in MENA, oversees strategy and operations, while CTO Francesco, an expert in secure financial systems, leads technology and security. They command a 13-person team of experienced engineers and specialists from companies like Goldman Sachs and Intel. Fusepay’s timely launch is poised to make it the foundational digital layer for Seychelles’ business payments, combining essential features like virtual accounts, instant transfers, and integrated operational tools to help a frontier market successfully leapfrog legacy systems.
