India’s island neighbor to adopt its payment system despite political spat ...News

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India’s island neighbor to adopt its payment system despite political spat
The tourism-dependent Maldives is planning to put in place the RuPay network The Maldives, a luxury tourism hotspot in the Indian Ocean, is gearing up to adopt India’s card payment service RuPay, according to the archipelago nation’s minister of economic development and trade, Mohamed Saeed. The official suggested the move will help the country, which is heavily dependent on tourism, bolster its local currency. According to Saeed, who was cited by a local news portal, RuPay cards will be able to be used for transactions denominated in Indian rupees in the Maldives. However, no timeline was disclosed for launching

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