President Dr. Mohamed Muizzu has announced that the launch of the e-wallet service is scheduled for May 2024. He made the announcement during "Raees ge Javaabu" series, where he responds to questions from the public.
Responding to a query from Abdulla Inan regarding the e-wallet's launch date, President Muizzu disclosed that preparations for the introduction of the e-wallet are currently underway. He expressed optimism about launching the service no later than May.
The government's objective in introducing e-wallets is to bring innovative financial services to the Maldives. With this e-wallet, individuals will be able to conduct money transactions using services similar to PayPal.
Minister of Homeland Security and Technology Ali Ihusaan had previously stated that the President aims to introduce e-wallets, sell services to foreign parties, and ensure that the benefits are accessible to the people.