- info@payments.mv
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- +960 331-4940
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- +960 333-9880
Payment Maldives Private Limited (C28412025) is a separate legal entity registered under the Companies Act (7/2023), in line with the MMA’s strategic vision.
This vision recognizes that efficient, inclusive payment infrastructure is critical to fostering financial inclusion and driving economic growth. The primary objective of Payment Maldives is the operation and development of key retail payment systems: Favara and the Automated Clearing House (ACH).
The establishment of Payment Maldives is part of an initiative designed to streamline digital payments, foster innovation, and enhance accessibility. This paves the way for a more efficient, secure, and inclusive financial ecosystem that supports the evolving needs of consumers, businesses, and financial institutions.
The entity serves as the national vehicle for pioneering payment innovation and executing strategic reforms with precision.
Post: Chief Executive Officer (CEO)
Rank: C-Level Executive
Post Type: Contract
Reporting Relationships: Reports directly to the Board of Directors of Payment Maldives Pvt. Ltd
The Maldives Monetary Authority today marks a major milestone in strengthening the country’s national payment infrastructure by signing an agreement with NPCI International Payments Limited (NIPL).
