TietoEVRY selected for Maldives instant payments programme
AI-generated editorial illustration of digital connectivity across the Maldives.
The Maldives Monetary Authority has selected TietoEVRY to provide an instant payments system supporting the modernisation of the country’s payments infrastructure.
The Maldives Monetary Authority (MMA) has signed an agreement with TietoEVRY to implement an instant payments system under the Maldives Payment System Development Project.
The planned system will support real-time transfers between participating financial institutions and payment service providers. It is intended to make sending and receiving payments more accessible across the Maldives, helping people transact regardless of which island they live on or where they bank.
Built around TietoEVRY’s instant payments technology, the programme will also provide a foundation for participating providers to develop new digital payment services. The planned infrastructure includes account-to-account payments, connections through open APIs and a mobile application.
The agreement marks a significant step in MMA’s plans to modernise the national payments landscape, improve access to digital financial services and support innovation.
Sources and references
Summary based on the supplier’s press release distributed through Cision.
- MMA signs agreement with TietoEVRY to implement an Instant Payments System in the Maldives (opens in a new tab) — TietoEVRY announcement (2 November 2020)
