Domestic Visa card transactions to be settled in MVR

3 weeks ago

Maldives Monetary Authority (MMA) has announced that starting April 15, domestic transactions made using Visa cards issued by banks that operate in Maldives must be settled in Maldivian Rufiyaa. With the change, all merchant outlets in Maldives need to accept payments for goods and services from customers via Visa card issued by a bank in Maldives only in Maldivian Rufiyaa. MMA said