MMA Launches Payment Maldives to Power Next Phase of Digital Payments
The Maldives Monetary Authority (MMA) has launched Payment Maldives Private Limited to manage national payment systems. Governor Ahmed Munawar inaugurated the company. Payment Maldives will take over management of Favara and the Automated Clearing House, and lead cross-border integration of Favara. The move aims to accelerate digital payments and financial inclusion.
The Maldives Monetary Authority (MMA) has launched Payment Maldives Private Limited to manage national payment systems. Governor Ahmed Munawar inaugurated the company. Payment Maldives will take over management of Favara and the Automated Clearing House, and lead cross-border integration of Favara. The move aims to accelerate digital payments and financial inclusion.
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The Maldives Monetary Authority (MMA) has launched Payment Maldives Private Limited to manage national payment systems. Governor Ahmed Munawar inaugurated the company. Payment Maldives will take over management of Favara and the Automated Clearing House, and lead cross-border integration of Favara. The move aims to accelerate digital payments and financial inclusion.
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