President Dr. Mohamed Muizzu has unveiled plans to introduce an e-wallet service in the Maldives by May at the latest, as part of the government's efforts to modernize financial services and facilitate online transactions.
Speaking during the "Raees ge Javaabu" series organized by the President's Office, where citizens can directly engage with the President on social media, Dr. Muizzu reiterated his commitment to enhancing digital payment systems in the country. He assured that online payment options, including popular platforms like PayPal, will soon be accessible to Maldivian citizens.
Addressing a question posed by Abdullah Inan regarding the timeline for implementing the e-wallet service, President Muizzu affirmed that efforts are underway to launch the service in the capital city by May, emphasizing the government's proactive approach to meet this deadline.
"The e-wallet service will be launched by May at the latest," asserted President Muizzu, underscoring the government's swift action to fulfill its promises and meet the evolving needs of the populace.
The Cabinet had previously initiated steps to enable online transactions in the Maldives through platforms such as PayPal and e-wallets. This decision followed directives to the Bank of Maldives (BML) to streamline access to online financial services and introduce e-wallets, reflecting the government's commitment to modernizing the country's financial infrastructure and fostering digital inclusivity.
Speaking during the "Raees ge Javaabu" series organized by the President's Office, where citizens can directly engage with the President on social media, Dr. Muizzu reiterated his commitment to enhancing digital payment systems in the country. He assured that online payment options, including popular platforms like PayPal, will soon be accessible to Maldivian citizens.
Addressing a question posed by Abdullah Inan regarding the timeline for implementing the e-wallet service, President Muizzu affirmed that efforts are underway to launch the service in the capital city by May, emphasizing the government's proactive approach to meet this deadline.
"The e-wallet service will be launched by May at the latest," asserted President Muizzu, underscoring the government's swift action to fulfill its promises and meet the evolving needs of the populace.
The Cabinet had previously initiated steps to enable online transactions in the Maldives through platforms such as PayPal and e-wallets. This decision followed directives to the Bank of Maldives (BML) to streamline access to online financial services and introduce e-wallets, reflecting the government's commitment to modernizing the country's financial infrastructure and fostering digital inclusivity.
