During Prime Minister Modi’s visit to the Maldives on Saturday, the Maldives Monetary Authority (MMA) signed an agreement. In a key development during the prime minister’s visit to the Maldives, the Maldives Monetary Authority (MMA) has signed an agreement with NPCI International Payments Limited (NIPL) to integrate the digital payment systems of both countries.

While welcoming the initiatives by the Indian delegation and the Prime Minister on Saturday, in a press release, the Maldives' Ministry of Economic Development and Trade appreciated "the major step forward" in modernising the Maldives' payment systems.

The press release further stated that, "During Prime Minister Narendra Modi's ongoing state visit, the Maldives Monetary Authority (MMA) signed an important agreement with NPCI International Payments Limited (NIPL) to integrate the payment systems of both countries," as cited by news agency ANI.