Alongside our headquarters in Mauritius and existing representative offices in Tajikistan and Cyprus, the new Riga office will serve as a strategic gateway to Northern and Western European markets.
We’re excited to share some important news — MAGMA, a Mauritius-registered payment company, has officially opened a new representative office in Riga, Latvia. This expansion strengthens our presence in Europe and brings us closer to our clients and partners across the continent.
Riga is an ideal location for MAGMA’s growth. As the largest financial center in the Baltic States, Riga boasts a robust regulatory environment, excellent infrastructure, and a rich history as a trading and financial hub dating back over 800 years. Founded in 1201, Riga was a key member of the Hanseatic League — a medieval alliance of merchant cities that fostered trade, finance, and economic cooperation across Northern Europe. This legacy laid the groundwork for Riga’s modern role as a vibrant financial center, home to numerous banks, fintech firms, and the Baltic Stock Exchange.
Our new office enables MAGMA to offer more personalized and accessible service to European clients and agents. We invite businesses to meet our local team and discover how MAGMA’s innovative payment solutions can support international operations.
What MAGMA offers:
Remote account opening designed for international businesses
Payment options including SWIFT, SEPA, and other global networks, supporting over 100 currencies
A modern, easy-to-use online dashboard for account management
Dedicated customer support tailored to each client’s needs
Competitive currency conversion rates
Full segregation of client funds in trusted financial institutions, ensuring the highest security and availability
MAGMA serves a wide variety of industries, excluding some high-risk sectors such as arms and oil & gas, and strictly complies with all applicable sanctions and regulations.
We’re enthusiastic about the opportunities ahead and look forward to growing our presence in Riga and beyond. For inquiries or to arrange a meeting, please contact us at +371 20421762.
Afraid your money might disappear into a black hole? Sent, and then… silence. No confirmation, no way to know where it is. When a transfer crosses borders, that silence shouldn’t be part of the deal. International payments. Nothing left in the dark. Few paintings have unsettled and fascinated in equal measure like Kazimir Malevich’s Black […]
Cross-border payments across Africa are being reshaped in real time. And ahead of the Africa Fintech Summit in Kigali, one question moved to the centre of the conversation: not whether stablecoins will play a role in moving money across the continent, but under whose rules they will do it. In a pre-summit discussion, industry leaders […]
