President Dr Mohamed Muizzu announced that the Bank of Maldives payment gateway will let local businesses receive international customer payments in US dollars from 1 November, with the Ministry of Economic Development and Trade, the Business Centre Corporation and BML jointly developing the framework. He also cited government financing figures for SMEs and the Youth Entrepreneurship Programme.
One outlet so far Only Corporate Maldives has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Speaking at the Maldives Expo 2026 awards ceremony last night, President Muizzu outlined the initiative as part of broader government efforts to dismantle persistent obstacles facing local traders who conduct cross-border commerce.
Word for word from the report in Corporate Maldives. Open the report
Maldivian producers and small enterprises trading in overseas markets will receive international customer payments directly in US dollars via the Bank of Maldives (BML) payment gateway starting 1 November, President Dr Mohamed Muizzu announced.
Word for word from the report in Corporate Maldives. Open the report
We want to make it easier for SMEs to overcome the challenges they face and increase their income.
By facilitating these processes, we want to create more opportunities for small and medium-sized businesses to grow and enable as many citizens as possible to start their own businesses and achieve financial independence.
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State programmes have extended approximately USD 51.6 million (MVR 795.7 million) in credit to more than 1,000 SME operators to date.
Word for word from the report in Corporate Maldives. Open the report
State programmes have extended approximately USD 51.6 million (MVR 795.7 million) in credit to more than 1,000 SME operators to date.
Word for word from the report in Corporate Maldives. Open the report
the administration disbursed upwards of USD 19.5 million to over 3,000 recipients during the initial phase of the Youth Entrepreneurship Programme, launched in mid-July
Word for word from the report in Corporate Maldives. Open the report
the administration disbursed upwards of USD 19.5 million to over 3,000 recipients during the initial phase of the Youth Entrepreneurship Programme, launched in mid-July
Word for word from the report in Corporate Maldives. Open the report
