Fawra and UPI Integration Testing This Month
MIMihaaru – 15 days ago
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The Maldives Monetary Authority (MMA) has announced that testing for the integration of Maldives' Fawra and India's UPI payment systems will commence this month. This integration aims to facilitate seamless, secure, and cost-effective instant payment transactions between individuals of both countries. The first phase will enable real-time person-to-person money transfers, while the second phase will introduce QR code-based payments for merchant transactions.