1 month ago
‘Favara’, a payment system that allows instant money transactions between two banks, has been launched. The system, developed by the Maldives Monetary Authority (MMA), was launched by Vice President Faisal Naseem, during a special event held at Crossroads Maldives on Saturday night. Speaking at the event, MMA's Governor Ali Hashim underscored that usage of internet banking and mobile banking was more common