Payment Maldives Private Limited (C28412025) is a separate legal entity registered under the Companies Act (7/2023), in line with the Maldives Monetary Authority's (MMA) 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.

Payment Maldives

Org chart

Teams

Offices