STO to reapply for digital banking license in late 2022

4 days ago

State Trading Organization (STO) will reapply for license to open its digital bank, EVOLV, in the end of this year, states the company’s managing director, Hussain Amr Mohamed Rashad. STO had originally applied for a digital banking license with the Maldives Monetary Authority (MMA) in September last year. However, the application was rejected. In an interview to Public Service Media (PSM), Amr