The Maldives Monetary Authority (MMA) is leading a three-phase initiative to transform the payments landscape in the Maldives to enable simple, fast and secure payments. The primary objective of the project is to ensure that users are able to make and receive payments instantly irrespective of the island they live on or where they bank. With the rapid modernization of the Maldivian economy, we are becoming increasingly interconnected both within and across networks. While the greater degree of connectivity has the potential to allow payment solutions to also become more automated and integrated, appropriate infrastructure development is required to capitalize upon this transition and cater to the future developments in the economy

An all inclusive instant payments system will be fast,
easy to use, open and safe, promote innovation and
will deliver better services to Maldivians.


INSTANT PAYMENT FOR THE MALDIVES


The Maldives Payment System Development (MPSD) is a multi-phase initiative by the MMA to address key needs of the Maldivian economy. Increasing the end-to-end speed of payments while ensuring the efficiency and safety of the payments system is given primary importance. With the future of payments in mind, the system will be open and flexible to accommodate and foster innovation and competition in the Maldivian payments space.


INFRASTRUCTURE

Unified Payment Gateway

Banks Banks Businesses Individuals

Infrastructure in detail

DIGITAL SOLUTION

Account To Account Payments


A digital solution with mobile and web-based interfaces will allow all users to send and receive money instantly.


Digital solutions in detail

INTEGRATED SOLUTION

Solution For Regular Payments


All types of regular payments, such as utility bills, rent and recurring government fees, can be paid through this solution.


Integrated solutions in detail


Contact Us


Maldives Monetary Authority

Majeedhee Building

Boduthakurufaanu Magu

Malé 20182

Republic of Maldives



Phone: (960) 3314940 / (960) 3339880

Fax: (960) 3323862

Email: payments.project@mma.gov.mv