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.

Indian Prime Minister Narendra Modi has announced a $565-million line of credit to the Maldives during his visit to the Indian Ocean archipelago.

In the recent visit of PM Modi to the Maldives, India has signed several pacts and trade terms with the nation. The leaders also took stock of the previous agreement-the 'Comprehensive Economic and Maritime Security Partnership' adopted in 2024.