Bank of Maldives (BML), in collaboration with the Ministry of Homeland Security and Technology’s National Centre for Information Technology (NCIT) and Mastercard, has launched the Maldives Digital Partnership Program, a five-year initiative aimed at accelerating the nation’s digital transformation.

The program aligns with the Government’s vision of creating a digitally empowered Maldives by upgrading the country’s digital infrastructure and expanding access to secure, efficient online services.

Key objectives include:

- Modernizing digital identity and payment systems to improve accessibility and security.

- Strengthening cybersecurity through AI-powered solutions.

- Expanding the digital payments ecosystem, including the digitization of government services and other essential sectors.

- Introducing advanced payment systems for public transportation to enhance convenience.

Using data analytics to deliver insights for the tourism sector and other economic drivers.

BML CEO and Managing Director Mohamed Shareef described the initiative as a “transformative journey” for the Maldives.

Minister of State for Homeland Security and Technology, and Head of NCIT, Dr. Mohamed Kinaanath, said the program complements the Maldives 2.0 agenda led by President Dr. Mohamed Muizzu.

Mastercard’s Country Manager for Sri Lanka and Maldives, Sandun Hapugoda, emphasized the role of digital innovation in driving economic growth.

The partnership is expected to play a central role in developing a resilient, inclusive, and future-ready digital economy for the Maldives.