Maldives to launch India’s RuPay service

New Delhi, May 23, 2024.

Notwithstanding the turbulence in their bilateral ties, the Maldives will soon launch India’s RuPay service, which a senior minister has said “will bolster the Maldivian Rufiyaa.”

RuPay, a product of the National Payments Corporation of India (NPCI), is the first of its global card payment network in India, with wide acceptance at ATMs, POS devices, and e-commerce websites across India.

Minister of Economic Development and Trade Mohamed Saeed while announcing how both India and China have agreed to use local currency in bilateral trade, spoke about the upcoming launch of India’s RuPay.