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Tag: Maldives economy

Maldives President introduces UPI payment service to boost economy

Posted on October 21, 2024 By admin
Maldives President introduces UPI payment service to boost economy

Image used for representative purpose only | Photo Credit: The Hindu Maldives President Mohamed Muizzu has taken “necessary steps” to introduce India’s Unified Payments Interface (UPI) in the archipelago nation, slated to benefit the Maldivian economy substantially. Developed by the National Payments Corporation of India (NPCI), UPI is an instant real-time payment system for facilitating…

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Amid grim forecast, Maldives says it is “well prepared” to avert default 

Posted on September 14, 2024 By admin
Amid grim forecast, Maldives says it is “well prepared” to avert default 

A file photo of the flag of Republic of Maldives. Despite global lenders and rating agencies flagging a “high risk” of debt distress in the Maldives, the government said it is well prepared to stave off a financial meltdown. Addressing Colombo-based journalists on Friday evening (September 13, 2024), Minister of Foreign Affairs Moosa Zameer and…

Read More “Amid grim forecast, Maldives says it is “well prepared” to avert default ” »

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