MMA issues Payment Service Provider’s Licence to four additional parties

Photo: MFR

Malé, Maldives – Maldives Monetary Authority (MMA) has issued Payment Provider’s Licenses to four additional parties on Thursday.

The service providers may provide the following services under the license,

  • VTT Finance Pvt. Ltd. – License for services related to payment acquirement
  • Global Permanent Asia Pacific Maldives Pvt. Ltd. – License for services related to payment acquirement
  • Payer Pvt. Ltd. – License for money issuance
  • Fahi Pay Pvt. Ltd. – License for money issuance

While the recent developments were received positively by the public, MMA stated that the licenses were intended to provide ease for the public.