Maldives: Monetary Authority Consults on Instant Payments for Payment System Development Project

On January 31, 2019, the Maldives Monetary Authority (MMA) published a request for information on instant payments for the Maldives Payment System Development (MPSD) Project. The MMA has initiated the project with the aim of implementing an inclusive, safe, efficient and robust account-based real-time retail payment infrastructure, to enable innovative and integrated payment solutions to facilitate fast, convenient, secure and affordable means of making payments across the country.

The document outlines a view of a real-time retail payments infrastructure and is looking to receive information about prospective vendors' capabilities, potential solutions and the costs involved in implementing the project’s objectives.

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