The Maldives Monetary Authority has launched Payment Maldives Private Limited, a new company to develop and manage national payment systems, inaugurated on 22 Dec 2025 by Governor Ahmed Munawar. The MMA will retain a 60 percent shareholding, and management of Favara and the Automated Clearing House will be transferred to the new entity.
One outlet so far Only The Standard has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
The company was officially inaugurated today by Ahmed Munawar, Governor of the Maldives Monetary Authority, as part of the central bank's broader agenda to modernise retail payment systems and expand financial inclusion.
Word for word from the report in The Standard. Open the report
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
the MMA will retain a 60 percent shareholding to ensure alignment with the objectives of the National Payment System Act.
Word for word from the report in The Standard. Open the report
