Maldives to link Favara with India’s UPI by July

6 days ago

The Maldives and India will link their national instant payment systems, Favara and United Payment Interface (UPI), respectively, by July next year, says Ahmed Munawar, the governor of Maldives Monetary Authority (MMA). At the launch financial sector development initiatives on Monday, Munawar said that the central bank’s current focus was on financial sustainability and inclusivity. The ceremony, held at Barceló Nasandhura Malé,