Contactless digital Payments to Revolutionize Public Transportation Experience in the Maldives.

The first major step in the cities development beings as the Bank of Maldives has signed a Memorandum of Understanding (MOU) with Mastercard and Maldives Transport and Construction Company (MTCC). Moving and thinking forward with the aim of implementing integrated transport management and automatic fare collection system for the public transport service operated by MTCC in the Maldives. 

 
Contactless and digital payments will be introduced on the bus and ferry network, making traveling simpler for commuters and cost-effective for service providers as part of Mastercard’s ‘Smart Cities’ initiative with the goal of introducing urban mobility solutions to transform the transport experience in cities. 
 
“Investing in innovative solutions that offer simplicity and convenience while meeting the changing customer expectations remains an important part of our business. We are delighted to partner with Mastercard and MTCC to implement this project which will see our digital card and mobile payment solutions enabled for the public transport sector.” stated the Bank of Maldives CEO and Managing Director, Tim Sawyer as he shared his anticipation and excitement as the project goes underway. 
 
Furthermore, Maldives Transport & Contracting Company CEO, Mr. Adam Azim stated, “We are delighted to partner with BML and Mastercard to provide even more convenience to our customers. The past year has shown the critical importance of innovative and contactless payment methods, and as always, we will strive to provide services that are safe and easily accessible for the public. This service will undoubtedly make the use of public transport simple and straightforward.” 
Significant fiscal savings, while offering unparalleled convenience to commuters are just 2 of the most notable advantages to this program. Mastercard currently has simplified the daily commute in over 150 cities around the globe and is proud to bring this wealth of experience to help the Government of Maldives realize its digitization strategies.