The Maldives Monetary Authority (MMA) is seeking a technical consultant to assist with the development of a payment platform as part of the Maldives payment system development project.
According to the MMA notice, the bank is looking for a consultant for the project’s implementation phase. The announcement also noted that the relevant documentation for submitting a bid would be available on the bank’s website, and that anyone interested in working as a technical consultant for the bank must submit proposals by August 1st.
The payment system is expected to be operational by February 2022, according to the country’s central bank. Furthermore, MMA stated that this payment system will alter the entire financial landscape. They also stated that the bank will create a standardised payment gateway that will connect all financial services in the Maldives through a single system.
MMA is currently developing a payment system with the assistance of Finland’s TietoEVRY. Customers will be able to use the system to conduct checks and other financial transactions in real time through a single system.
