Mastercard has recognised the Bank of Maldives (BML) for its continued partnership and contribution towards advancing the Maldives’ digital economy through the Digital Country Partnership initiative.
The award was presented to BML’s CEO and Managing Director, Mohamed Shareef, by Mastercard’s Country Manager for Sri Lanka and the Maldives, Sandun Hapugoda, during the Digital Finance Leadership event held in Singapore.
The Digital Country Partnership, signed in August 2025 between Mastercard, the Ministry of Homeland Security and Technology, and the Bank of Maldives, represents a shared commitment to accelerating digital transformation and fostering innovation nationwide. The partnership focuses on expanding secure, inclusive, and efficient digital financial services, helping individuals and businesses participate more effectively in the digital economy.
Through long-standing collaboration, Mastercard and BML have introduced several initiatives that have modernised payment systems and improved access to digital services across the Maldives. These include key projects such as enabling cashless payments on the Raajje Transport Link (RTL), part of the country’s smart city solutions designed to enhance convenience and connectivity.
Recognising BML’s contribution, Mastercard reaffirmed its dedication to supporting the Maldives in building a robust digital ecosystem through technology and innovation. The partnership continues to play an essential role in empowering communities and driving sustainable economic growth by leveraging Mastercard’s global expertise and network.
