Maldives Monetary Authority: Issued request for information (RFI)

0
458
maldives-monetary-authority-issued-request-for-information-rfi

Maldives Monetary Authority: Issued request for information (RFI) from vendors 

  • RFI objective of obtaining information about prospective vendors’ capabilities, potential solutions
  • The authority plans a three-phase initiative to overhaul the payments landscape in the nation
  • Primary objective is to ensure that users can make and receive payments instantly irrespective of the island they live on or where they bank
  • MMA explains rest of the financial sector comprised of five insurance companies
  • ACH system is a session-based clearing system for low-value batch transactions consisting of three components, namely, direct credits, direct debits
  • Participants of the MRTGS and ACH systems are the banks operating in the Maldives