Mastercard collaborates with Maldives Transport and Bank of Maldives

13-05-23

Mastercard has partnered with Maldives Transport & Contracting Company (MTCC) and Bank of Maldives (BML) to roll out the first multi-model, open loop transit payment and digital  ticketing system in South Asia. The new technology, powered by Mastercard Payment Gateway Services  (MPGS), will enable seamless credit card and debit card payments across Maldives’ public transport  network, including buses and ferries.

The move is part of Mastercard’s strategic ambition to work as a trusted partner of government and  private sector entities to accelerate digital payments uptake and usage across key sectors, such as transit.