Maldives launches 5-year programme to modernise digital ID, payment systems
The programme is implemented by Bank of Maldives (BML), NCIT and Mastercard.
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Bank of Maldives (BML), in strategic collaboration with the Ministry of Homeland Security and Technology (National Centre for Information Technology - NCIT) and Mastercard, on Sunday announced the launch of the Maldives Digital Partnership Programme—a landmark initiative aimed at accelerating the nation’s digital transformation.
This five-year strategic program is designed to support the government’s vision of a digitally empowered Maldives by modernising the country’s digital infrastructure and expanding access to secure, efficient digital services.
Key objectives of the program include:
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Modernising digital identity and payment systems to enhance accessibility and security.
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Strengthening cybersecurity through AI-driven solutions.
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Expanding the digital payments ecosystem by digitising government services and other critical sectors.
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Introducing advanced payment systems for public transportation, improving convenience and efficiency.
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Leveraging data analytics to generate actionable insights for the tourism industry and other economic drivers.
This collaboration marks a significant step forward in building a resilient, inclusive, and future-ready digital economy for the Maldives.
BML CEO and Managing Director, Mohamed Shareef said, “We are incredibly proud to collaborate with Mastercard and NCIT on this transformative journey for the Maldives. This program represents a significant step towards creating a more inclusive, secure and digitally advanced society. By combining local expertise with Mastercard’s global technology capabilities, we’re confident in our ability to build a strong digital foundation for the nation’s future.”
Minister of State for Homeland Security and Technology and the Head of National Centre for Information Technology (NCIT), Dr. Mohamed Kinaanath said, “We are happy to partner with Mastercard and BML on the Maldives Digital Partnership Program. The Maldives is currently undergoing a momentous digital transformation journey through Maldives 2.0, spearheaded by His Excellency, the President, Dr Mohamed Muizzu’s vision to leverage technology for economic growth, transparency, better governance and enhanced citizen services.
Sandun Hapugoda, Country Manager, Sri Lanka and Maldives, Mastercard, said, “Mastercard recognises the transformative power and economic potential of digital innovation. Through the Maldives Digital Partnership Programme, we are proud to support the nation’s journey towards a digitally empowered future—leveraging data and technology to deliver meaningful outcomes for the people and accelerate the growth of the digital economy.”
