Financial Expo to feature session on innovations and modern payment solutions

Jul 1, 2026, 8:51 AM
Financial Expo to be held in Hulhumale

Financial Expo to be held in Hulhumale

A special session dedicated to discussing financial innovations and modern payment solutions is set to be held as part of Financial Expo 2026.

The session focuses on shaping payment systems to be faster, more secure, and more inclusive for all users.

The event is scheduled for next Thursday at 11:30 am on the main stage of the Financial Expo exhibition tent. Leading financial authorities and industry experts will participate in the meeting to engage in extensive discussions regarding the transformations currently reshaping the financial landscape.

The objective of the session is to share insights on real-time payment systems, the implementation of interoperable QR code payments across various banks and financial institutions, and the evolving role of digital wallets.

Furthermore, the meeting will highlight the benefits for individuals, businesses, and governments in overcoming the challenges of cross-border remittances and integrating financial transactions on an international scale.

Participation in the session is now open to the public. Interested individuals can register by scanning a QR code. As seating is limited, organizers encourage participants to register as soon as possible.

Comments

Latest News

Dhiraagu Gamers Guild offers iPhone 18 Pro Max

Dhiraagu Gamers Guild is offering a chance to win an iPhone 18 Pro Max in Burgundy to users who subscribe and verify their profiles by December 31, 2026. This initiative aims to support the Maldivian gaming community by providing exclusive rewards and competitive tournament opportunities for local talent.

Fenaka Managing Director Afeef dismissed

Mohamed Afeef has been dismissed as the Managing Director of Fenaka Corporation, the third person to hold the role under the current administration. His removal comes amid government efforts to dissolve the utility company and reduce the state-owned workforce by 33 percent. No official reason for the dismissal has been provided.

India rolls over 30 billion rupee currency swap

India has agreed to roll over a 30 billion rupee currency swap for the Maldives following a request from the Maldivian government. This extension aims to stabilize the nation's low foreign exchange reserves and prevent economic strain. The decision follows a recent $50 million debt payment made by the Maldives to India in September.

MMA restricts medical USD allowance to six countries

The Maldives Monetary Authority has restricted the $1,000 medical currency allowance to six specific countries to ensure funds are used for their intended purpose. This change follows a surge in foreign currency demand for private travel. The $2,000 allowance for state-funded Aasandha patients remains unchanged.

Dollar revenue drops 15% in September compared to 2025

The Maldives Inland Revenue Authority reported a 15% drop in dollar revenue for September, falling to $126.8 million. While tourism taxes rose, the decline was driven by a sharp decrease in lease extension fees and airport taxes. Despite this monthly dip, total dollar revenue for the year remains higher than 2023 levels at $1.2 billion.

"No obstacles to conducting online transactions now"

Economic Minister Mohamed Saeed announced that Bank of Maldives has resolved previous obstacles to online transactions and e-commerce caused by the dollar shortage. The bank is also working to restore full capacity for telegraphic transfers and foreign currency issuance as the government manages unprecedented debt repayment obligations.

BML named among the World’s Best-Performing Banks

Bank of Maldives (BML) has been named one of the World’s Best-Performing Banks by Forbes, ranking 39th in the Tier 6 category for smaller institutions. The selection was based on a global analysis of profitability, growth, and asset quality. This recognition follows BML's record-breaking financial performance and projected historic success.

Newsletter

Get the latest news delivered straight to your inbox