India issues RuPay Card in Maldives

India issues RuPay Card in Maldives

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India issues RuPay Card in Maldives:

Today, PM Modi at Maldivian Parliament: India issues RuPay Card in Maldives
PM Narendra Modi: “By issuing RuPay Card in Maldives, there will be an increase in the number of Indian tourists in Maldives. We will soon take measures in this direction. Also, there have been discussions over making the defence services stronger in Maldives.”

After the agreements for integration with Singapore NETS in May 2018 and Bhutan in December 2018, RuPay cards will now travel to Maldives.

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Today, Maldives and India exchange agreements for the use of RuPay Card in the Maldives.

4th December 2019, Bank of Maldives (BML) and National Payment Corporation of India (NPCI) signed a Memorandum of Understanding on Wednesday, to introduce the acceptance of RuPay cards in Maldives. BML will accept RuPay cards on the bank’s ATMs, POS machine and other digital channels. BML revealed that the issuance of RuPay co-branded prepaid cards by the bank, and the acceptance of the co-branded cards across ATMs, POS machines and digital channels in India will also take place in due time.

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