Maldives' Minister of Economic Development and Trade Mohamed Saeed on May 23, 2024, announced that the country is moving ahead with plans to introduce India's National Payments Corporation of India (NPCI) developed RuPay card network service. Though a launch date has not been announced, this move is poised to strengthen the Maldivian currency Rufiyaa and enhance Maldive's economic ties with India, the minister said.