Money Services Business, pursuant to the Money Services Business Act, No. 26 of 2008, is defined as

1. the business of providing (as a primary business) any one or more of the following:
   1. transmission of money or monetary value in any form;
   2. cheque cashing;
   3. currency exchange;
   4. the issuance, sale or redemption of money orders or traveller’s cheques;
   5. pay day advances;
   6. any other services or businesses that the Minister of Finance may specify by Order published in the Gazette; or
2. the business of operating as an agent or franchise holder of any of the businesses mentioned in paragraph a).